Higher income for medical conditions or unhealthy lifestyle

It is also possible that you may be entitled to a Pension Annuity that is higher than the standard rate because of health or lifestyle considerations.

If you have a medical condition, are overweight or smoke, you may be able to get a higher income by opting for an 'enhanced' annuity or 'impaired life' annuity. Not all providers offer these so be sure to shop around if you think you might benefit from one.

There are over 1,000 medical or lifestyle conditions that could lead to as much as a 40% increase in your income in retirement over the standard rate. For example, a 60 year old with no health problems purchasing a single life annuity lowest rate offered is £1,087.75, whereas a 60 year old with Parkinson's and daily activities affected purchasing a single life annuity, the best rate offered is £1,517 - the difference is 40% (source: ABI – 05 February 2014)

Could you qualify for an impaired or enhanced Pension Annuity? We can search the market for you and help get better deals to suit your personal circumstances. We need a few basic details from you to carry out this research. An impaired annuity will be medically underwritten whilst an enhanced annuity will be scored against lifestyle factors. Contact us to see if you qualify.

Information is based on our current understanding of taxation legislation and regulations; these may change in the future.
The value of your investments and income from them may go down and you may not get back the original amount you invested.