Take your pension savings as a regular income

Need help and guidance?

We can’t provide guidance or advice about how to take your pension savings, but a specialist can.

Get help with finding guidance or advice, that’s right for you. Click on the guidance and advice menu item for more information.

If you’ve made a decision and would like to take your savings as a regular income, or an annuity, the first thing you’ll need to do is compare your options and make a decision on which is right for you.

We can’t provide you with an annuity, but there are plenty of providers who can and it’s all about working out which one is right for what you need.

You’ll get different terms depending on what you want your income to do (pay only to you, protect your loved ones in the event of your death, increase in line with inflation), so it’s worth shopping around for the best deal – like you would with any other financial product.

Get help from the MoneyHelper

Find out which kind of annuity you’d like to take, and get started with MoneyHelpers’s comparison tool.

Watch their videos and follow their instructions to get annuity quotes and help find the right provider for you.

Make your choice 

Once you’ve found an annuity that’s right for you, you’ll need to contact your chosen annuity provider. They’ll work with you to set everything up and will let us know too.  

You can log in to your account online at any time.

If you are a Lloyds Bank, Halifax or Bank of Scotland Ready-Made Pension customer log onto your account via Online Banking.

Return to view your other options