Guaranteed Pension Annuity

Your Guaranteed Pension Annuity gives you a guaranteed income for life.

What happens if your income changes?

  • If the regular payment amount changes by more than £10.00, we'll send you confirmation of the net amount shortly before it's due. This will include details of any tax that has been deducted.
  • If you would like to be notified whenever your payment changes by £1.00 or more, please contact us to opt in to confirmation letters.
  • If you weren’t expecting a change to your annuity income, please contact us.
  • If you weren’t expecting a change to your tax code, please contact HM Revenue & Customs (HMRC)).

Changing your annuity product

You can't change your Guaranteed Pension Annuity to another annuity or cash it in for a lump sum.