Saga Annuity Service

Rates based on a joint life annuity for a man aged 65 with a £25,000 pension pot and a named spouse aged 60, both non-smokers, five-year guarantee period, level annual income paid monthly in advance, spouse entitled to 50% upon the man’s death. Correct as at 3rd of April 2012. Competitor rates source: assureweb.co.uk. Your actual income will depend on the rates available at the time of purchase and your individual circumstances.

What is a pension annuity?

A pension annuity converts your pension fund into a regular income. Your pension provider will normally offer you an annuity when you come to take your benefits, but what many people don’t realise is that they can shop around and potentially get a better deal through other annuity providers. The Saga Annuity Service aims to deliver competitive rates and may be able to offer you a higher retirement income. Both the service and the annuity are provided by Legal & General.

Do you qualify for even more income in retirement?

Depending on your health and lifestyle, you may qualify for an enhanced annuity, which would increase your retirement income even more. This is over and above the additional income you may already receive simply by choosing the Saga Annuity Service. Find out more.