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Fixed Term Income Plan

Plan ahead with confidence

Get a regular, guaranteed income between 1 to 20 years with our Fixed Term Income Plan. At the end of your term, you’ll receive a Guaranteed Maturity Value, which you can use for your retirement.

Is the Fixed Term Income Plan right for you?

Fixed, regular income between 1-20 years
Receive a Guaranteed Maturity Value at the end
Lump sum death benefit for beneficiaries
Reassess your retirement needs at the end of the term

What are the risks?

Whilst we guarantee the income you have chosen from outset, this is not payable for life, only the term selected. We cannot predict what income the Guaranteed Maturity Value (if selected) would provide, if used to purchase another retirement income product, such as a lifetime annuity.

This product may be right for you if:

  • You have pension savings of at least £10,000 to invest (after taking tax-free cash)

  • You want the option to take guaranteed income for a selected term of between 1 to 20 years

  • You want to guarantee how much your plan is worth when the term ends

  • You do not want to take any investment risk and are happy for the return from your plan to be fixed at the start

  • You can afford to tie your money up for the chosen term

  • You want to provide a lump sum for your loved ones in the event of your death

This product will not be right for you if:

  • You have less than £10,000 to invest (after taking tax-free cash)

  • You want flexible access to your pension savings

  • You want to withdraw all of your funds immediately in one go

  • You can’t commit to leaving your money invested for the chosen term

  • You want your income to be guaranteed for life

  • Read more about the Fixed Term Income Plan in
    the Key Features document.

Frequently asked questions