About Enhanced Annuities


Pension Drawdown

We can help you understand your

Pension Drawdown Options.

You May Pay More Tax Than Needed If You take all your Pension At Once!

There Are Tax Efficient Ways To Access Your Pension
We Can Help!


We can help identify the most suitable
pension option for you
both
Annuities and Drawdown

Age 55 or over?

If you have a personal pension you could take as much as 25% as a tax free lump sum.

You are entitled to shop the “open market” yet only 44% of people take advantage.
Call us to discuss…

Happy Couple

The rates between different companies can vary significantly and using your open market option to let someone such as ourselves shop for the best enhanced annuity rates makes sense.

Happy Smiling Couple

home-header-06Enhanced Annuities.

With an Enhanced Annuity you can have a higher income for the rest of your life.

What is an Enhanced Annuity?

An Enhanced annuity works in the same way as a standard pension annuity but takes into account your lifestyle and health conditions and should you qualify will provide you with more income than a standard annuity would for the rest of your life

  • It is designed to provide you with an income and is payable for the rest of your life and can provide benefits after you have died.
  • The funds that you have saved into your pension fund are used to purchase an enhanced annuity either from your existing pension company or a new pension provider.

The amount you receive as an income is dependent on:

  • The amount you have in your pension funds
  • Your age
  • The annuity rate at the time of purchase.
  •  Your lifestyle conditions:

If you have high blood pressure or Cholesterol levels, it takles into account your height and weight, alcohol intake, whether you smoke etc.

  • Your Health Conditions

If you have heart disease including angina, suffer with diabetes, have had or have cancer you may qualify. If you have had a stroke including a mini stroke or have respiratory problems including lung disease or have MS you may qualify.

There are many conditions that result in enhanced annuities, you can find further information available on conditions that Qualify for an Enhanced Annuity or contact us directly and we will identify whether you would qualify.

Should you delay taking your pension?

FREE No Obligation
Annuity Quote

Our Promise

We will endeavour to obtain the best rate for you from the market and will go “the extra mile” to achieve this.

Email Us
info@penops.co.uk

Call Us
0845 576 01 02