Purchased life annuities

A purchased life annuity gives you additional tax efficient options in providing an income for your retirement. For example, you may have a cash lump sum from an inheritance or sale of a property you wish to receive a regular income from.

A purchased life annuity may be a suitable option you don't require access to the capital in the future.  The income you receive is usually less compared with a pension annuity, however the tax benefits can be more favourable. Please note, the tax treatment depends on your individual circumstances and the tax rules may change in the future.

Purchased life annuities are complex and we recommend you get in contact with one of our specialists by calling 0845 609 0980.