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Enjoy peace of mind in retirement with a pension lifetime annuity

Just enter your information once and we’ll search the open market to see if we can find you a higher annuity rate than your current pension provider.

Our tailored UK lifetime annuities comparison is available to those aged 55 and over with a pension pot of over £2,000, before any tax-free cash has been taken.

Why buy a lifetime annuity?

Guaranteed Income

…for the rest of your life. Knowing how much money you have to spend in retirement can make planning your future easier.

Leave something behind

Select annuity options to meet your needs as well as provide for your loved ones.

Tailored to you

You may be eligible for an enhanced income if you have certain medical conditions, and/or are overweight, or smoke.

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Why compare rates with Annuity Ready?

Save money

You don’t need to accept the offer given by your current pension company. You could get more income with a different provider.

Save time

Fill in one online form and we’ll do the rest. You don’t need to call multiple providers and fill in numerous forms.

Get support

Our customer service team are here to help you every step of the way. Call 0333 320 2716 to speak to our friendly team.

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Why we’re different

Annuity Ready


Enter details online once for guaranteed quotes


Buy online with most providers


No need to repeat information entered online on the phone


See if you’re eligible for an enhanced income online

Other comparison sites


Enter details online for indicative quotes then speak to a telesales agent


No ability to buy online


Provide some details online then give more information on the phone


No way to see if you’re eligible for an enhanced income online

What we’ll need from you...

So we can compare quotes securely from all lifetime annuity providers we’ll need some information including:


Your pension details including value


Your preferred annuity options


Your height, weight and lifestyle information


Your medical history and details of any medication

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What is an annuity?

An annuity is an insurance policy that you can buy to provide a regular income in retirement.

There are different types of annuities that provide different levels of income. We compare quotes for pension lifetime annuities which provide you with the security of a guaranteed income for life.

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Who should buy a lifetime annuity?

A lifetime annuity may be right for you if you need, or prefer, the certainty of a guaranteed income for life with your pension savings.

You have the right to shop around with your pension fund, so you are not restricted to take an annuity with the same company you saved with and you may find a higher rate with a different provider.

Lifetime annuities may not be suitable if you need more flexibility about how much to take as income or you want to have future access to all of your pension fund.

Why use Annuity Ready?

Enter your information once and we’ll search the open market and return your results, so you have the convenience of shopping around in one place, without the need to complete multiple forms or make lots of phone calls. We can also help you find out if you can get an enhanced annuity and you can buy your chosen annuity online with most providers.

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How does an annuity work?

You can purchase a pension lifetime annuity with all, or some of your pension pot and once it’s payable, it will be paid for the rest of your life, no matter how long you live.

When purchasing a lifetime annuity, you can usually choose to take up to 25% of the pension pot you’re allocating to buy an annuity as a tax-free lump sum, to spend however you like. The annuity you receive from then on will be subject to tax, with the annuity provider normally deducting tax based on your tax code, before paying you the net income.

Your annuity payments can be paid to you on a monthly, quarterly, half-yearly or annual basis, and you can choose to be paid in in advance or in arrears. You will usually receive a higher income if you choose to take your annuity payments in arrears, rather than in advance, and you may also receive more income by choosing to be paid annually in arrears rather than monthly or quarterly.

You can choose to have your income increase annually to keep up with inflation, to increase by a variable amount capped at 5% or by a fixed amount of your choice up to 10%.

You can also tailor your annuity to suit your needs with options available to provide for your loved ones after you die. You can do this by adding value protection or a guarantee period to your annuity. This can provide reassurance that should you die in the initial years after taking out your annuity then your estate could receive either a lump sum payment or your income payment could continue to be paid for your pre-specified number of years. If you have a partner or spouse, you can take out a joint annuity which will provide both of you with a guaranteed income for life.

Adding any of these options will affect the annuity income you receive. It’s important to take the time to consider your needs, and all the options available to meet these, as once purchased you can’t change the annuity. Annuity Ready offers all the lifetime annuity providers available in the open market.

Annuities Explained

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Find out more about lifetime annuities with our helpful guides.