See what factors can affect your annuity rate.

1. Tips For Buying Annuities
By Get Annuity – September 2013
http://getannuity.co.uk

2. Introduction
• Annuities are a retirement income that is
offered in exchange for your pension savings
by an insurance company.
• Typically, they offer you a guaranteed income
in return for those savings regardless of the
age that you live to.
• Annuities are the most popular form of
retirement income.

3. 5 factors that affect your annuity rate
• 1. POSTCODE
• Where you live can not only affect car
insurance, but also the rate offered to you for
an annuity.
• Better rates will be offered in areas of lower
mortality. EG. A higher rate offered in Glasgow
over Knightsbridge, London

4. 5 factors that affect your annuity rate
• 2. YOUR SAVINGS
• Seems pretty obvious, but the bigger your
pension pot, then the more retirement
income you will receive but you may also
receive a slightly better rate.
• With a large pension pot, it is still important to
shop around as the rate offered can still affect
your retirement lifestyle.

5. 5 factors that affect your annuity rate
• 3. YOUR HEALTH
• If you are in poor health, you may be entitled
to an enhanced annuity, which will offer a
higher rate based on the lower likelihood of a
long life expectancy.
• Over 70% of retirees are currently eligible for
an enhanced annuity.

6. 5 factors that affect your annuity rate
• 4. GOVERNMENT GILTS
• The current low interest rates on annuities can
be mostly blamed to the low yield on
Government GILTS.
• Insurance companies buy GILTs to fund
annuities, hence the knock on effect.
• High GILT rates = higher annuities.

7. 5 factors that affect annuity rates
• 5. OPEN MARKET OPTION
• Just like car insurance, insurance providers
offer different rates.
• Shopping around for the best rate is crucial to
making the most of your retirement income.
• Always seek advice from an IFA.

8. Summary
• Always shop around with your Open Market
Option
• Compare annuity rates or speak to an IFA
• Try http://getannuity.co.uk for more details
and to compare rates.