Best standard conventional annuity rates could mean 20% more pension annuity income and that’s not to be sniffed at. The best pension annuity rates available to you might be that much higher than the annuity quote you have from your current pension provider, and 20% is a fifth and that’s actually quite a lot of extra income, and remember, it is payable each and every month for the rest of your life. In monetary terms, let’s say the quote you have is for £300 per month. If we can get you that 20% more, that’s an extra £60 per month, a couple of good nights out.
Now, if you aren’t fit and healthy, or perhaps if you smoke, then the increased retirement income you could be entitled to is likely to be even more than this 20%, possibly 30%, 40%, or even more. The actual increase depends on the severity of the ill health you might be suffering from. The message here is don’t tell a fib when shopping for the best pension annuity rates for your retirement income. If you have had some medical problems, or if you do smoke, please mention it. Financially it is well worth it.