Call the Annuity Service now on:

0800 652 7696

Opening Hours: Monday - Friday: 9:00 am - 5:00 pm


What is an annuity and why you need one?

Upon reaching retirement in the UK, most people find that they need to purchase an annuity (sometimes known as a ‘pension annuity’). An annuity converts your pension funds into a regular retirement income.

In order to secure the best annuity deal, it pays to shop around, sometimes called exercising the Open Market Option (OMO). Settling for the annuity offered by your pension provider could mean that you miss out on up to an additional 40% income for the rest of your life.

Helping you find the best annuity

Even if you’re not sure what an annuity is, or how to find the best annuity deal, then you’ve come to the right place. has answers to common questions below. Our Annuity rate calculator compares all the annuity providers in the UK so you can select the best annuity simply by completing the quick quote form below.

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  • 3 step guide to buying an annuity?

    In order to buy an annuity, simply follow these 3 simple steps:

    1. Find out how much your pension pot is valued at – if you have more than one pension scheme, make sure that you calculate the total for all of them combined
    2. Review the quote from your existing pension provider
    3. Call Annuity Service, or simply complete the Quick Annuity Quote form above to see how much more retirement income we can get for you in comparison to the quote offered by your pension provider. Annuity Comparison Service
    Freephone 0800 652 7696.

    Lines are open
    Monday to Friday 9am till 5pm

  • What is an annuity?
  • What is an Enhanced Annuity?
  • How do I get the best annuity rate?
  • How much income will I receive?
  • Can you take a tax-free cash sum before you buy an annuity?
  • What do I need to think about before I call?
  • Do I have to stop working before I can buy a pension annuity?
  • Do I have to buy my annuity from my pension provider?
  • I thought my pension scheme automatically provided me with an income?
  • How does an annuity work?
  • What are the different types of annuity?
  • Do I have to buy an Annuity before I reach a certain age?
  • At what age can I retire and get an income from my pension annuity?

Call the Annuity Service now on:

0800 652 7696

Opening Hours: Monday - Friday: 9:00 am - 5:00 pm

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