Pension Annuity Get a guaranteed annuity income for life Get an annuity quote Retrieve a quote What is a pension annuity? Features Useful documents Quote Common questions What is a Pension Annuity? A pension annuity is a product that pays you a regular income for the rest of your life, no matter how long you live. When you retire, one of the most important decisions you'll need to make is how to secure enough income to live out the rest of your life in comfort. One option is to convert the pension pot you've built up into a regular income. You can do this by buying what is called a pension annuity or an 'annuity'. With a pension annuity, you'll know exactly how much you're getting, come rain or shine. Pension Annuity features Is a pension annuity right for me? Considerations Buying our Pension Annuity online Pension Annuity brochure PDF: 897KB Key features PDF: 1.74MB Terms and Conditions PDF: 817KB Do you have any missing pensions? Before you make any decisions about your retirement income, you might want to consider other pensions you may have, including any from previous employers. Using our consolidation service, we can track down pensions and combine them to one retirement product. Learn more about pension consolidation Ready for a personalised quote? If you know what you want and have your paperwork to hand, it only takes about 15 minutes to get an online annuity quote. We'll even compare the annuities market for you and show if we've quoted the highest or if you could get more income somewhere else. This is a detailed quote journey and has been designed to be used on a larger screen size, such as a laptop or desktop, for the best experience. If you don’t have access to a larger device, our UK based Customer Services Team will be pleased to give you a quote over the phone on: 0800 048 2446 Lines open Monday to Friday 9am to 5pm. We may record and monitor calls Continue to quote Retirement income products compared Guaranteed income (Pension Annuity) Fixed Term Retirement Plan Cash-out Retirement Plan Flexible income (Pension Drawdown) Can it provide a regular pension income? Yes Yes Yes Yes Can I choose a guaranteed income each month? Yes Yes Yes No Is my pension income guaranteed to last my whole life? Yes No No No Can I change how much I get from my pension income? No No No Yes Am I exposed to market risks, up or down? No No No Yes Fixed Term Retirement Plan Cash-Out Retirement Plan Flexible Income Pension Drawdown Compare incomes with our Retirement Income Calculator Common annuity questions Collapse allExpand all What is the difference between an annuity and a pension? Can I sell or transfer an annuity? What is an enhanced annuity? What happens to an annuity when you die? Help to stay safe from scams See how you can protect yourself from fraud. Find out more Next steps Now that you’ve learnt more about our Pension Annuity, why not look at other products available as part of your shopping around. Other providers may have more appropriate products or be able to offer a higher level of retirement income. Fixed Term Retirement Plan Cash Out Retirement Plan Pension Drawdown Need some help? Making decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy: Retirement guidance Pension wise The Government’s impartial retirement guidance will help you avoid the risks and think about what’s right for you. Book an appointment Contact them Speak with us Our colleagues in Cardiff are always happy to help with your questions or to help you apply for a quote. 0800 048 2446 Monday to Friday 9am to 5pm We may record and monitor calls. Contact us Get financial advice Connect to an independent financial adviser in your area through Unbiased. Unbiased Facebook Instagram LinkedIn YouTube Twitter Accessibility Legal and regulatory information Privacy policy Cookie policy Security information Sitemap All our websites About us Making a complaint Group website Modern Slavery Statement Careers © Legal & General Group plc 2021 This Website uses Cookies We use cookies to make this website work, and to understand how you use it. This helps us to improve our service and your online experience. Cookies may also collect limited data about your interactions with websites that we may use to provide you with specific content, or to share relevant offers on other websites and social media. You can read our cookie policy to find out more about the cookies that we will store on your computer or device. You can easily customise your cookie settings at any time by using the link at the bottom of our website. For the best experience, we recommend that you accept all cookies. Customise Cookie Settings ✓ Accept All Cookies