UK Annuity Rate Comparison Website

• The figures shown are not guaranteed but do give a good example of the typical pension income that you could obtain. They are based on a single life with no increases in payment or guarantee periods built in (unless otherwise indicated), and are payable monthly in advance. The figures are sourced from the Financial Services Authority (FSA) website, Exweb, and from specialist annuity providers, dated 8th. October, 2007.
• The higher figures illustrated depend upon your lifestyle and medical conditions and the type of annuity you select.
• A standard rate represents a conventional annuity rate, available to anyone.
• A smoker rate represents an increased annuity rate, available to you if you smoke regularly.
• An enhanced or impaired rate represents a higher rate that could be available to you depending on any lifestyle or medical conditions, i.e. your state of health.
• A with-profit rate represents a different type of annuity, available if you want some investment element in your annuity contract.

Important Factors (Please Read):

There are a range of important factors which need to be taken into account to find the right annuity for you:

• Your age,
• Your sex,
• The size of your pension fund,
• Any lifestyle or medical conditions, i.e. your state of health. The poorer your state of health the higher the annuity you could qualify for,
• Whether you smoke. If you have smoked for the last ten years you could qualify for a higher annuity,
• Whether you have a spouse. If you include your spouse in the annuity contract this will reduce the initial annuity payable to yourself, but results in an annuity being paid to your spouse following your premature death,
• If you want any guarantee periods or guaranteed increases. You could build in a 5 or 10 year guarantee period, or have increases built in of 3%, 5%, or Retail Price Index (RPI) linked. If you choose any of these your initial annuity payments will be reduced, but you do get some added benefits.
• If you want some investment element. If you do this could increase the annuity payments over time, depending on assumptions made in respect of investment returns,
• The type of annuity you prefer
• Or, you could choose a combination of the above to meet your particular needs.
• Very few people know precisely what they want and that is why it is important that you contact Bank of Scotland Annuity Service to discuss your own individual requirements and get a personal quotation. And remember, there is no upfront fee for this service.
• It is worth reminding you that getting this wrong could cost you dearly, possibly hundreds or thousands of pounds per year. Whichever annuity you end up with is paid to you each year and for the rest of your life.
• The actual amount of your annuity will depend upon annuity rates prevailing at the time your contract is completed. Should you qualify for a higher impaired or enhanced annuity the precise outcome will depend on the outcome of discussions with the annuity provider.
• Please call Bank of Scotland Annuity Service on 0845 124 1404 if you have any queries or require any further information.