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Annuities

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.



Important information

Please 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 March 2017. This information takes no account of your personal circumstances which may have an impact on tax treatment.

Related documents

Visit our dedicated SIPP literature page.
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Read our guide to accessing your pension savings


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How much will my annuity be?

Factors that can affect the income you’ll get from an annuity include:

  • Your age – usually, the older you are the higher your income will be

  • If you want your income to increase with inflation

  • If you want your partner to keep being paid an income after you die

  • Your health – if you are in poor health or there are things about your lifestyle that mean you might not be expected to live as long as some others (for example if you are a heavy smoker) you might get a higher income

  • Where you live (postcode)

Need advice?

If you want someone to look at your individual circumstances and positively recommend the best option for you, you should seek advice from a professional financial adviser.

Find a financial adviser in your area:Unbiased

Free guidance

The ’Pension wise’ guidance service is a free impartial government service for anyone thinking of accessing their pension savings. It gives you details of your options and guidance to help you make up your mind what to do. We will also remind you of the Pension wise service before your planned retirement age.


Pension wise

Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.