Don’t buy pension annuity rates from Aviva and Saga just because they’re advertising or you know the name. Neither of them can offer you a choice of annuity rates to compare so it’s likely you’ll miss out on getting the best deal and the best annuity rates. Being able to compare annuity rates from different companies is important. It presents you with the best opportunity of getting the highest annuity income. You can choose the annuity quote that offers you the best deal for your circumstances. We’ll compare annuity quotes for you from some of the leading UK annuity providers.
Buying an annuity directly from an insurance company or from an annuity service that only offers one insurance company’s annuities could prove to be a costly mistake in terms of lost retirement income, so taking your annuity from Aviva or Saga could be a mistake. Annuity rates do vary tremendously between different insurance companies. No single company offers the best annuity rates for all scenarios. Company A, which could be Aviva, might offer the best rates for a male aged 65, but not for a male aged 70. Company B, which could be Saga, might offer the best rates for a £50,000 pension fund, but not for £100,000.
Don’t restrict yourself to just checking out pension annuity rates from one company. You’ll be relying on one company, one annuity quote, competitive or otherwise. You could miss out on the best rates. Remember, your current pension company won’t offer you the best rates. You will find higher annuity rates elsewhere. Also, if you suffer from ill health, if you’re overweight, if you smoke regularly or drink regularly, or if you live in certain postcode areas you’ll be entitled to higher annuity rates, and the increase can be very worthwhile. annuity rates in general are falling, but there are things you can do to help yourself achieve a higher annuity income. Importantly, you should disclose anything that might effect the rates you’re offered. See pension annuity rates for details.
