What is an annuity?
Introducing annuities: what they are, how they work and key things to consider.
Annuities
A secure, regular income for life
- Discover how you could enjoy reliable income for life
- Explore your annuity options
- Learn how annuities work and how much income you could get
An annuity is a financial product that provides a guaranteed, regular income for life or a set period. You can buy an annuity using your pension to give you peace of mind that you’ll have a steady cash flow throughout your retirement.
You can also buy an annuity with your savings to generate a tax-efficient, predictable income.
Are annuities worth it?
Learn more about the benefits of annuities and how they could work for you.
Tax and annuities
Learn how annuities are taxed and how much income you’ll get after deductions.
Annuity vs. Drawdown
Security or flexibility? Compare these two approaches to taking your pension.
How to buy an annuity
Buying an annuity is a big step. Make sure you're ready with our step-by-step guide.
What happens to an annuity when you die?
Understand the impact for your loved ones.
Annuities glossary
Cut through the jargon with our plain-English definitions of annuity and retirement terms.
Get in touch
Have questions? Our friendly team is here to chat through your options.
Call us on 0345 606 0708 or +44 1707 651 122
(Monday – Friday 9am to 5pm)
Or email Customer.Services@canadalife.co.uk
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A financial adviser can help you get a tailored quote for our products.
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