1. TELL US ABOUT YOUR PENSION
Your pension value

What is your pension value

Enter the value of your ReAssure pension fund. You can add additional pension funds if required.

Please provide the details of your other pensions below
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What age would you like to retire

Retirement Age

Use the drop down to select your retirement age you would like to start taking your pension income from.

Who will receive your annuity payments

Single or Joint Annuity

If you have a spouse or civil partner you can choose for your annuity to keep paying out on the event of your death.

Tax Free Cash
25%
0%
25%
0%

Tax Free Cash

Use the slider to select the amount of tax free cash you wish to receive at retirement. Please be aware that increasing the amount of tax free cash you take will reduce your overall pension fund and therefore lower your annuity income.

Tax Free Cash
Pension Fund
NEED SOME HELP?
 
Call a retirement expert 0800 756 8008 Lines open: Mon to Fri 8:30am - 5:30pm For textphone dial 18001 0800 756 8008.
Calls may be recorded and/or monitored for training and audit purposes
 
Want an expert to call you?

One of our retirement experts can call you now to talk through any questions you have about annuities or retirement.

 
 
Video guide to our annuity calculator
information

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Welcome to the Annuity Calculator
If you want an idea of how much income you may get from a pension annuity during your retirement, you're in the right place.

Whatever your health or lifestyle, please answer all the questions carefully to get a quote that best reflects your circumstances. For example, if you're a smoker or have a certain health condition we may be able to pay you a higher income.

When you've finished you can see a summary of how much income you could get. This will be based on your chosen options and the answers you give

Is this for me?
  • Are you between 55 and 75?
  • Do you have more than £5,000 in your pension fund?
  • Are you looking for an annuity quote based on your age today or an indication of how much you might get when you retire?
  • Please note purchasing an annuity is not your only option, there are alternatives. You can contact us for more information.
What do I need ?
It will take roughly 20 minutes. Before you start make sure you know:
  • Your retirement age
  • The amount you've saved in different pension funds
  • Your medical history for any current or past medical conditions including medications
  • For joint application we will need your partner's details as well
What are the benefits ?
  • Our Annuity Calculator searches some of the leading providers in the market to help find the best income for you.
  • Our calculator will help you shape your annuity to your needs
  • It considers your lifestyle and medical history to get the best rate
  • We have a team of experts on hand to assist you at any point through your retirement journey
Important Information
  • We offer both an advised and a non-advised route to purchasing your annuity paid for by an advisor charge or provider commission.
  • Tax treatment depends on individual circumstances and current legislation which may change in the future.
  • If your current pension provider offers you an annuity with a guarantee, you may lose this option if you change provider.
Triviality
Pension funds less than £30k (Triviality)

The Triviality rules allow those with small or trivial pension funds to take the whole fund as a cash lump sum. 25% of the pension fund will be paid tax free with the remaining 75% classed as taxable income for the tax year that it is paid.

In order to be eligible for Triviality, there are certain conditions that you will need to meet:

  • You have to be 60 or over
  • and the total sum of all of your pension funds must be £30,000 or below


In addition you can take a pension fund as a lump sum in full if the value is below £10,000 regardless of how much all your total pension funds are.

If you would like to cash in any of your pension funds, you will need to contact your pension provider to see if they will allow it.

Please note:

  • Under the triviality rules, you can't cash in just part of a pension plan
  • All trivial payments must be made within 12 months of the date of the first lump sum payment
  • You can only take advantage of the £10,000 or below lump sum rule three times in your lifetime
  • Taking triviality payments may impact on means tested State benefits and the timing of when you cash in your pension plans, based on your current and future tax paying status
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