Annuity Calculator

You should use an annuity calculator to help you find the best annuity rates. When you come to retire and need to convert your pension into retirement income, you do not have to automatically take your income  from your pension provider. Most often you can get better income by shopping around on the open market.

Before you retire you can get a state pension forecast. This will help you understand how much you will recieve in State Pension benefits that way you can work out how much additional annuity income you need to live on.

Work out retirement income with the pension annuity calculator

Pension Annuities that you purchase using the open market option can include those that are available if you are a smoker or are taking some form of qualifying medication, these are called impaired life annuities, again you can use a pension annuity calculator to work out the amount of income.

The more options you choose in your income the less you will recieve in payments. Use the flexibility of the annuity calculator to see how much difference the options make to the income.

It makes sense to get independent advice, an adviser can research providers you may not have access to as a consumer.