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The Retirement Account - Guaranteed Income

A guaranteed income in retirement can be vital to cover people’s essential expenses in retirement, especially with retirement increasingly spanning 20-30 years.

The Retirement Account offers a true blend of Pension Drawdown, Pension Savings and the ability to take guaranteed income under one tax-efficient wrapper with seamless movement between the three parts.

All assets within The Retirement Account, including the guaranteed income are protected by its tax advantaged wrapper, written under drawdown rules. This means that the guaranteed income element of The Retirement Account provides significant advantages over a traditional standalone annuity.

The guaranteed income element of The Retirement Account allows you to offer your clients:

  • Guaranteed income for life that provides a level of certainty alongside the flexibility of drawdown
  • A competitive yield tailored to lifestyle and medical history - guaranteed for life
  • The opportunity to reinvest guaranteed income within a tax-advantaged wrapper 
  • A choice of death benefit options they can tailor to their situation including a return of capital if desired. 
  • Death benefits (whether income or lump sum) that can remain within the beneficiary’s drawdown for greater control and tax efficiency.
  • The freedom to buy more guaranteed income at a later stage

Click here for more information regarding the latest annuity rate change

The Retirement Account - Technical summary The Retirement Account – Adviser brochure

Guaranteed Income with flexibility

The Retirement Account – Customer brochure

A natural home for Final Salary Scheme transfers

The Retirement Account - At a glance

This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.