Purchasing an annuity does not have to be a complicated or difficult process and Annuity Arrow is here to help you.

Some things you will need to consider:

• How much tax-free lump sum you want to take (if any), This can normally be up to a quarter or 25% of your fund.
  
• If you want a single or joint-life annuity. If joint life, whether the pension to your partner on your death is paid in full or reduced, perhaps by one third or one half.
  
• If you want a level or escalating annuity. If you want an escalating annuity, you need to decide if you want it to increase in line with the Retail Price Index (RPI) or by a fixed percentage.
  
• If you want payment of your annuity to continue for a specific number of years (five or ten), should you die shortly after retiring.
  
• If you have a medical condition that could reduce your life expectancy as this could increase annual amount of your annuity. You would need to provide proof of this and may need to have medical assessments to qualify.
  
• Are you a smoker? Some companies offer higher annuity rates for smokers as they are not expected to live as long as non-smokers.
  
• Annuity quotes are usually only fixed for between seven and twenty eight days from the date they are issued.

If you get in touch with us, we can help you every step of the way. We will discuss your options and help you decide which option you would prefer.  You will need to provide us with the information we request to make a full assessment of your circmstances and requirements.