If several factors apply to you, you could be eligible for even higher UK pension annuity rates. Let me explain; first, when you buy an annuity, you’re buying an income for life. So it’s important you shop around to find the best deal, and it’s also important that you disclose anything that might effect the annuity rates you’re offered. As annuity specialists we take into consideration your individual circumstances, but we only know what you tell us. Whether you enjoy good health or suffer from ill health, we’ll find you a better deal.

It’s possible we could get you up to 30% more annuity income than you would receive from your existing pension provider, but only if you tell us all we need to know about your circumstances. You could get up to 20% higher pension annuity rates if you’re fit and healthy, up to 30% higher if you have ill health, up to 30% higher if you’re a regular smoker. You can even get higher annuity rates if you’re overweight or drink alcohol regularly, or if you live in certain postcode areas. However, the point of this article is to inform you that the more of these factors that apply to you, the higher the annuity rates, and the higher your retirement income.

Smoker annuity rates, standard, or enhanced annuity rates; which annuity rates are right for you? When you buy an annuity with your hard earned pension fund, you’re buying a guaranteed income for the rest of your life. So it’s important you shop around properly to find the best deal. You’re better off using annuity specialists like ourselves; we’ll look at your individual circumstances, including your state of health. That’s why we could find you a better deal. Allow us to shop around for you and we’ll find you a better deal and a better annuity income.

You could give your retirement income a tremendous boost. First, though, you need to know that your existing pension company is unlikely to provide you with the best deal. We’ll do better for you, whatever your situation. We can get you standard annuity rates, which will provide extra income if you’re fit and healthy, and non-smoking; enhanced annuity rates, which could get you up to 30% more income if you suffer from ill health; smoker annuity rates, which could get you up to 30% more income if you’re a regular smoker. Then there’s lifestyle issues to consider, which can result in extra income if you’re overweight, or if you drink alcohol regularly. Finally, we have postcode annuities rated on where you live. So there you have it, plenty of ways to achieve a higher annuity income, and no need to miss out.

To achieve the best deal at retirement you need to disclose any details about your health or lifestyle that might effect the pension annuity rates you’re offered. If you fail to do this, you could miss out on the best enhanced annuity rates, for example. Many people are enjoying the benefits of a higher annuity income these days due to the numerous different factors now being taken into consideration. Why don’t you contact us and see how much extra annuity income we can achieve for you.

There are some pension annuities changes; no need to buy a pension annuity from April next year. Is that good news? Potentially for some people. However, these changes won’t impact on most people, who will continue to buy an annuity for their retirement income. The requirement to buy an annuity by age 75 has existed since 1976, when the average life expectancy of a healthy 65-year-old male was around 13 years. On average, a healthy 65-year-old male can now expect to live for around 21 years, and a 65-year-old female around 24 years. These changes shouldn’t effect the annuity market too much, which was worth £11bn in 2009. However, we should see the introduction of new products.

The Association of British Insurers (ABI) was pleased with the government’s ongoing commitment to the existing annuity market. Maggie Craig, director of life and savings, said that for the vast majority of people, buying a pension annuity is still the right choice, as it provides them with a guaranteed income for the rest of their lives. This consultation is an opportunity to put a framework in place that works for all consumers, but it is vital that any new measures protect the principle that pension savings are primarily intended to provide a retirement income, she added. The government has invited opinions from various annuity providers, personal pension providers, insurance industry bodies, consumer organisations and other industry advisers and professional bodies on all of these proposals.

From April next year, there will be no need to rely on getting the best pension annuity rates. At least, not for some people. The government has confirmed that it intends scrapping compulsory annuitisation. The financial secretary to the Treasury, Mark Hoban, said the “simplified” rules, to be introduced in April next year, will give investors the freedom to choose between taking their pension fund assets as a lump sum or as a form of drawdown income. The chancellor had said in June’s budget that he wanted to raise the age at which someone had to buy an annuity from 75 to 77 from April next year but the consultation document just published suggests this plan will now be scrapped.

The new proposals introduce a two-track solution where investors can choose between capped or flexible income drawdown schemes. Under the capped rule, investors will be able to choose how much to draw down annually from their pension fund throughout their retirement, subject to a maximum, or whether to take any income at all. Under the flexible model, if an investor satisfies a minimum income requirement, then they will be able to draw down unlimited sums from their pension fund. The removal of the age-75 limit will mean that people wanting to buy an annuity can time their annuity purchase to maximise the income they get, rather than being forced into buying when pension annuity rates are low, and they have no choice. Tom McPhail, pensions specialist with Hargreaves Lansdown, welcomed the proposal, saying that it is more radical than he expected, effectively meaning that no one has to buy an annuity, ever.

However, he added, people with smaller pension funds might not satisfy the minimum income requirement, so will have to buy an annuity anyway, hopefully with the best annuity rates. This will probably effect many people as the vast majority of annuities are purchased with relatively small funds of £50,000 or less. Further, this is a very positive step and will achieve the government’s intentions of re-invigorating the pensions savings market.

This article is all about higher enhanced annuity rates for diabetes, asthma, and other medical conditions. The following list has been put together to provide you with an indication of  the kind of medical conditions that can be considered for higher enhanced annuity rates. The list is not exhaustive by any means and many medical conditions that are not listed can also be considered. You could also qualify for higher enhanced annuity rates if you smoke, have high blood pressure or cholesterol problems. It’s important when you request an annuity quote that you inform the adviser of any relevant details as this can impact greatly on the annuity rates you’re offered.

The higher enhanced annuity rates can apply to Alzheimers, Bi-polar Disorder, Blood Pressure, Cerebrovascular Accident (CVA) or Brain haemorrhage (ALS), Cerebrovascular – Subarachnoid haemorrhage (SAH), Cerebrovascular – Transient Ischaemic Attack (TIA), Deep Vein Thrombosis (DVT), Dementia (All types), Diabetes, Type 1 and Type 2, Haemochromatosis, Angina, Heart – Aortic aneurysm or abdominal aortic, Atrial Fibrillation, Heart Attack or Stroke, Heart – AV block, Heart – Brachycardia or Bradycardia, Asbestosis, Asthma, Bronchiectasis, Chronic Bronchitis, COPD, Emphysema, Pulmonary Fibrosis, Rheumatoid Arthritis, Schizophrenia, amongst others. For example, if you have diabetes you could get annuity rates up to 30% higher, whereas asthama can lead to annuity rates around10% higher.