Hero Retirement 1440X520

Retirement

Helping you plan for a better future

Our simple, secure and flexible pension plans and annuities can help you make the make the most of your retirement. Whether you’re looking to combine your pensions, make regular or one-off contributions, build up retirement savings or take retirement benefits, we can tailor our solutions to your needs.

Products we offer

The Retirement Account

A flexible pension for your changing needs

  • Combine your pension pots
  • Choose from a wide range of funds
  • Get regular income or a lump sum
  • Provide for your family when you die
Learn more

Lifetime Annuities & Scheme Pensions

A secure, regular income for life

  • Receive guaranteed income for life
  • Option to increase your income
  • A range of death benefits available
  • Access your tax-free cash
Learn more

Fixed Term Income Plan

Plan ahead with confidence

  • Fixed regular income for 1-20 years
  • Receive a guaranteed maturity value
  • Death benefit for beneficiaries
  • Review your needs when the term ends
Learn more

Trustee Investment Plan

An Investment plan for pension scheme trustees

  • A wide range of investments
  • Phase investments over time
  • Make single or regular payments
  • Flexible withdrawal choices
Learn more

Purchased Life Annuity

A tax-efficient income for life or a specified term

  • Guaranteed income options
  • No tax on capital element of income
  • Optional death benefits payment
  • Choose your income frequency
Learn more

 

 

Compare retirement products

Investment accounts The Retirement Account* Lifetime Annuity Fixed Term Income Plan*
Guaranteed income for life Yes Yes No
Option to increase income
(based on medical history and lifestyle)
Yes Yes No
Adjust income at any time Yes No No
Make regular and single contributions Yes No No
Pass money to beneficiaries when you die Yes Yes Yes
Inflation protection available Yes Yes Yes
Potential for fund growth
(could also fall in value)
Yes No No
Investment funds available Yes 1500+ No No
Access your money anytime Yes No No
Product term For life
(no term)
For life
(no term)
1 to 20 years
Is there a Guaranteed Maturity value? N/A N/A Yes

*The Money Purchase Annual Allowance (MPAA) is the maximum amount you can pay into your defined contribution pension savings in one year, and still get tax relief. The MPAA is triggered if taxable income is paid to you directly from The Retirement Account and Fixed Term Income Plan due to their flexi-access drawdown status.

Why choose Canada Life?

Flexibility
Flexible pension solutions
Fitness 1
Financially strong, first-class service
Performance 2
Wide investment choice
Drawdown Image 1152X1152[1]

Preparing for your drawdown review

A free guide to help you prepare for a drawdown review with your financial adviser

Learn more

Learn more about retirement

Saving for retirement

Find out how a pension can help you.

Learn more

Getting ready for retirement

See what you should consider as you near retirement.

Learn more

Choices in retirement

Understand what you can do with your pension pot.

Learn more

Next steps

Ctas Default Product At A Glance Find An Adviser CTA 864X480

Need an adviser

Get a tailored quote for our products from a financial adviser. To find one, visit Unbiased.

Find an adviser
Ctas Default Product At A Glance Customer Support CTA 864X480

Customer support

Find answers to commonly asked questions, helpful links, tools and contact details.

Customer support
Ctas Default Product Adviser Resources Contact Us CTA 864X480

Get in touch

Call customer services

0345 606 0708
01707 651 122

or send an email

Call sales

0345 300 3199

or send an email

Monday – Friday 9am to 5pm

Other contacts