An annuity converts your pension savings into a monthly or yearly guaranteed retirement income for you to live on (usually) for the rest of your life.
We don’t offer annuities. But we can buy one from another company on your behalf.
Can I change my mind after I buy an annuity?
At the moment once you’ve bought an annuity you can’t change the decision.
However from 2017 you may be able to sell an existing annuity and use the money to get a lump sum or adjustable income.
Important informationPlease remember the value of your investments and any income from them can go down as well as up and you may get back less than the amount you originally invested.
Laws and tax rules may change in the future without notice. The information here is our understanding in April 2016. This information takes no account of your personal circumstances which may have an impact on tax treatment.
Related documentsVisit our dedicated SIPP literature page.