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Retirement DateThis is the date you want your annuity to start and does not need to be exact. It is just to give us an idea of the timescale involved.
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Total Fund ValueThis is the total value of your pension fund now.
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Tax Free Cash If applicable, this is the amount of tax-free cash you plan to take from your pension fund before you buy an annuity. The maximum you can take is normally 25% of the fund value, although under some types of pensions there is a chance it could be more than this. Your pension provider can confirm this for you if you are unsure.
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Fund Value after Tax Free Cash This is the total value of your pension fund minus the tax-free cash figure.
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Includes Protected RightsIf you have ever ‘contracted out’ of the Second State Pension (formerly known as SERPS) your pension will have received money from the government. This is known as Protected Rights. Depending on your circumstances, this part of your pension has to provide you with an annuity in a certain way. Some annuity providers will not accept Protected Rights money.
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Value of Protected Rights
included in Total Fund ValueThis is the amount of Protected Rights funds included in the total fund value.
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Pension Provider This is the company that provides your pension policy. Its name may have changed over the years!
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Pension Type This is the type of pension you have. There are various names given to pension policies and the rules they are governed by can vary. Your annual statement should give an indication of what type of pension you have.
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Annuity BasisYour annuity will provide you with an income for life. You can also set up your annuity so that on your death it will continue to pay your spouse a pension for the rest of their life. This is more expensive than a single life annuity but can provide peace of mind if you have a spouse that does not have much pension of their own. Once it is set up you cannot add a spouse’s pension to your annuity, nor can you remove it if your spouse dies before you.
Single Life – this just pays an income for your life.
50% spouses – this continues to pay 50% of your pension to your spouse for the rest of their life if you predecease them.
66% spouses – this continues to pay 66% of your pension to your spouse for the rest of their life if you predecease them.
100% spouses – this continues to pay 100% of your pension to your spouse for the rest of their life if you predecease them.
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Payment FrequencyYou can have your income paid to you monthly, quarterly, half yearly or annually. Once the annuity starts you will not be able to change this.
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Payment FrequencyYou can have your income paid to you in advance or in arrears. For example, if you chose to have you income paid monthly, you can have it paid to you as soon as the annuity is set up (in advance) or starting a month later (in arrears). It would then continue to be paid at the same time each month. Once the annuity is set up this cannot be changed.
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Guaranteed periodYou can guarantee your income to be paid for 5 or 10 years. If you die before then, your income will still continue to be paid to your estate. For a single life annuity, this means that your pension would continue to be paid for the remainder of the guaranteed period even if you died within that period. For a joint life annuity, the full pension would continue to be paid for the remainder of the guaranteed period and then the spouse’s pension would commence.
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Escalation basisYou can choose to have your income paid at the same level throughout your life. In this instance the purchasing power of your income will reduce over time as a result of price inflation.
Alternatively, you can choose to have an income that increases (escalates) each year by a fixed rate (ie 3%) or a rate which is linked to inflation, otherwise known as RPI (Retail Price Index). Initially, an increasing annuity will pay less income than a level annuity, but it will eventually catch up and overtake a level annuity assuming you live long enough. Once you start your annuity you can change a level annuity into an increasing annuity or vice versa.
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Main occupationPlease confirm what your main occupation has been through your working life as it may increase your annuity.
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Current SmokerIf you have smoked 10 cigarettes or more each day for the last 10 years it is likely that you will qualify for an increased annuity.
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DiabeticIf you suffer from diabetes you may qualify for an enhanced annuity. Please ensure that you provide details of all medical conditions you have, whether or not they are related to your diabetes in the box below.
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Health Issues If you suffer (or have suffered) from any health conditions that could potentially shorten your life expectancy, you might qualify for an enhanced annuity. Please detail any conditions you have below so that they can be considered.
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Taking MedicationPlease list all medication and the doses you take in the box below and confirm which medical condition they relate to.
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Main occupationPlease confirm what your spouses’ main occupation has been through their working life as it may increase the annuity.
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Current SmokerIf your spouse has smoked 10 cigarettes or more each day for the last 10 years, you might qualify for an increased annuity. The effect will not be as great if the main annuitant is a non-smoker.
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DiabeticIf your spouse suffers from diabetes you may qualify for an enhanced annuity.
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Health IssuesIf your spouse suffers (or has suffered) from any health conditions that could potentially shorten their life expectancy, you might qualify for an enhanced annuity. Please detail any conditions your spouse has below so that they can be considered.
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Taking MedicationPlease list all medication and the doses your spouse takes in the box below and confirm which medical condition they relate to.
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Daytime TelephoneWe will not be able to deal with your annuity if you do not provide us with a telephone number on which to contact you. This number will be kept secure and will not be passed on to any third parties without your consent.
If you complete the form below with your details, we can shop around for you to get the best annuity rate based on the information that you provide.
If you do not understand any of the sections, click the HELP question marks 
which will provide further information.
If you are a smoker (at least 10 cigarettes a day for the last 10 years), take medication, or suffer from any health problems or conditions which could affect your life expectancy, click HERE to complete a form for an enhanced annuity. This could boost your annuity income by 25% or more.
Please note that we cannot provide you with a quotation unless you complete the form with your contact details, including a telephone number. Your personal details will be stored under the terms of the Data Protection Act and will not be passed to any other companies without your consent.
Pension Details
