Pension Annuity

If you qualify for enhanced annuity rates because your health or lifestyle may lead to a reduced life expectancy, you can take advantage of your Open Market Option and use the money you’ve built up in your pension fund to purchase a Partnership Pension Annuity.

A Pension Annuity is purchased with the proceeds of your pension fund. In exchange for a single payment, you will receive income guaranteed to be paid for the rest of your life.

Suitable if:

• You have a maturing pension fund and are looking for the security of a regular income
• Your health and lifestyle may lead to a reduced life expectancy

All income payments you receive from your Pension Annuity will be taxed at your personal rate of Income Tax.