"How often will my pension be paid?"

The frequency of payments will affect the amount of income you receive, ie the more often your income is paid the lower the payments. The payments can be in advance (with the first payment made immediately after the annuity starts) or in arrears (monthly in arrears would start after one month).

Your income will be paid directly into your UK bank or building society account.

While we offer flexible income options, we don't offer annuities. If you’re considering an annuity, we do work with Retirement Line, a trusted annuity guidance service. They can help you understand your choices and compare rates across the market to find the best deal. This free service is available to all members from age 55.  

Before visiting Retirement Line, log in to your online account to check your pension value. They’ll need to know how much you’ve saved in your pension and (if relevant) your flexi-access drawdown account to give you accurate quotes.