As you approach retirement, it’s probably best that you speak with an adviser for the best pension annuity rates. There’s a wide variation in the annuity rates on offer from different annuity providers, and finding the best annuity rates could give your retirement income a significant boost. Remember the equation: right type of annuity + right annuity options + best annuity rates = best retirement income. An adviser can help you piece all this together. Finding the right annuity rates could provide you with a retirement income 30% (or perhaps more) higher than the rates available from your existing pension provider.
If you have a medical condition, even if it’s not such a serious one, you might qualify for increased pension annuity rates, or enhanced annuity rates. Don’t lose out on a potentially higher retirement income. These enhanced rates are somewhat bespoke and they are effectively individually underwritten, as they depend on numerous factors: age, gender, size of pension fund, the type and nature of any medical condition or conditions that you might suffer from, and any medication, and therefore it’s probably best that you speak with an adviser to find the best annuity rates available for your particular set of circumstances.
