Compare Top 10 UK Annuity Quotes - Get £1000s More Annuity Income

An annuity is a guaranteed retirement income, normally paid out for the rest of your life. It converts the funds in your pension pot into regular payments, giving you a reliable income source.

There are three main types of annuity: standard, enhanced and fixed term.

Many people can benefit from higher rates as they will qualify for an enhanced annuity, especially those with moderate health conditions such as high blood pressure, high cholesterol or diabetes. Certain lifestyle factors may also qualify, such as smoking, excess weight or a high level of alcohol consumption.

Annuity providers pay different amounts of income so it’s best to shop around to ensure you find the highest rates based on your personal circumstances.

Your annuity specialist will search for quotes from the UK’s leading annuity providers on your behalf, to make sure they find you the best deal.

Our selected annuity specialists are so confident of bringing you the UK's best annuity rates, that they’ll send you a £125 MasterCard Prepaid Card if you find a better quote on a like-for-like basis elsewhere.*

Get quotes from the UK’s leading annuity providers for all the main annuity types, so you’ll have plenty of choice.

Our network of annuity specialists' relationships with the top providers mean they can secure preferential rates on your behalf. Get a £125 MasterCard Prepaid Card to spend as you wish if you receive a better annuity quote on a like-for-like basis from any broker or provider direct.*

The annuity service, quotes, information and assistance are all provided free of charge. It’s quick and easy to get a quote through Annuity UK and there’s no obligation. If you proceed your annuity specialist will be paid a commission from the provider, which is taken into account when calculating their annuity rate.

The three main types of annuity are:

Also called a traditional or conventional annuity – this plan pays you a guaranteed income for the rest of your life and is not impacted by future changes in interest rates or market investments.

Around 80% of people will qualify for an enhanced annuity, which can pay up to 70% more than a conventional annuity while still providing a guaranteed income for life.

An enhanced annuity takes into account any medical conditions you may have such as diabetes or heart disease, in addition to certain lifestyle factors like smoking, excess weight or alcohol consumption.

Over 1,500 medical conditions are relevant, and even certain occupations or postcodes can mean you qualify for an enhanced rate.

A fixed term annuity allows you to choose a set term over which your guaranteed income is paid, usually between five and ten years.

This may enable you to keep your options open as it doesn’t require the level of commitment needed for a conventional plan.

At the end of the term you are paid a reduced lump sum which can then be invested into either another fixed term annuity, a different retirement income product such as a conventional or enhanced annuity, or taken as cash, subject to tax.