Our retirement and annuity products
Compulsory Purchase Annuity
Enjoy a guaranteed income for the rest of your life – and build in extra benefits like increasing payments or protecting your buying power.
Our products
Whether you’re looking for the security of an annuity or the flexibility of Income Drawdown, we’ve got the solution – and we’ll help you understand your options so you make the decision that’s right for you.
To talk through your options speak to your financial adviser or call us on 0845 272 8810 (Calls may be monitored and/or recorded to protect you and us and help with our training. Call charges will vary.)
A Standard Life annuity offers you a guaranteed income for the rest of your life. Think about what's suitable for you as there are different options available.
Annuities
Compulsory Purchase Annuity
Suitable if:
• You want a guaranteed regular income for the rest of your life
• You want options that let you choose how often you receive your pension and more
Immediate Vesting Personal Pension
Suitable if:
• You want to make a single lump sum payment to buy an immediate annuity
• You want to use a transfer payment from another scheme, personal pension plan or other qualifying fund to buy an immediate annuity
Immediate Vesting Personal Pension Select
Suitable if:
• You want to make a single lump sum payment of £2,880. The taxman can make this up to £3,600. The tax-free lump sum and income is paid immediately
• You're saving for retirement and have no taxable earnings
Impaired Life Annuity
Suitable if:
• You want a guaranteed regular income for the rest of your life
• You have a medical condition which could shorten your life
With Standard Life Income Drawdown you’ve got much more control over your pension income. It’s the most flexible way to take your pension benefits.
Flexible income
Income Drawdown
Suitable if:
• You want to keep on paying in to your pension plan
• You want to decide how much income you take from your pension
• You want to take your tax-free lump sum now and think about buying an annuity later
Important note
Laws and tax rules may change in the future. The information here is based on our understanding in September 2012. Your personal circumstances also have an impact on tax treatment.
