Compare our annuity plans

If you're not sure which type of annuity to choose, have a look at the table below. It compares the various options that are available with Aviva's annuity plans to help you work out which one is best for your own personal circumstances.

Helping you choose your annuity

Find out more about the different types of annuities offered by Aviva.

Source of Money Pension Annuity With Profits Pension Annuity Immediate life Annuity
Your pension fund Tick icon Tick icon Cross icon
Cash lump sum Cross icon Cross icon Tick icon
Minimum purchase amount (after any tax free cash has been taken and any adviser charge has been paid) £10,000 £20,000 £7,500
What options are available? Pension Annuity With Profits Pension Annuity Immediate life Annuity
Level income Tick icon Cross icon Tick icon
Yearly increase by a fixed percentage Tick icon Cross icon Tick icon
Yearly increase in line with increases in the Retail Prices Index Tick icon Cross icon Cross icon
Dependant's Pension Tick icon Tick icon Tick icon
Guaranteed Period Tick icon Tick icon Tick icon
How is it taxed? Your pension income will be treated as earned income and taxed according to your personal circumstances. Your pension income will be treated as earned income and taxed according to your personal circumstances.

Your payments are normally split into two parts:

How frequently is it paid? Pension Annuity With Profits Pension Annuity Immediate life Annuity
Monthly Tick icon Tick icon Tick icon
Quarterly Tick icon Cross icon Tick icon
Half-Yearly Tick icon Cross icon Tick icon
Yearly Tick icon Tick icon Tick icon
Charges and flexibility Pension Annuity With Profits Pension Annuity Immediate life Annuity
What are the product and investment charges? Charges are taken into account when we work out the price of the retirement income. Charges are taken into account when we work out the initial retirement income and when we decide the bonuses to add to your pension each year. Charges are taken into account when we work out the retirement income.
What is an adviser charge? The payment you have agreed to pay to your Financial Adviser for the initial advice and services they have provided to you. The payment you have agreed to pay to your Financial Adviser for the initial advice and services they have provided to you. The payment you have agreed to pay to your Financial Adviser for the initial advice and services they have provided to you.
How flexible is it? The options you choose at the start of your plan cannot be changed and once you have bought your annuity it has no cash in value at any time.

At any time after the first year you can:

In both cases we'll recalculate your pension income

The other options you choose at the start of your plan cannot be changed and once you have bought your annuity it has no cash in value at any time.

The options you choose at the start of your plan cannot be changed and once you have bought your annuity it has no cash in value at any time.

Next steps

For more information

Call us on

0800 533 5195

Lines are open:

Monday to Friday, 9.00am - 5.00pm

Calls are free from UK landlines and mobile phones. For our joint protection, telephone calls may be recorded and/or monitored.

We can give you all the facts about Aviva’s products and services.

We can’t give you advice. If you are unsure whether a product or a service is suitable for you we can put you in touch with a financial adviser who can give you a personal recommendation. This service will be restricted advice and is limited to a number of product providers. There may be a charge for their advice.

Alternatively, you can visit www.unbiased.co.uk to find an adviser in your local area

Nothing on this site is personalised advice or a recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice.

Pension Wise

Pension Wise has been set up by the government and offers free and impartial guidance for people retiring with defined contribution pensions. It will help you understand what your choices are and how they work.

You'll be able to get help on the Pension Wise website, over the phone or face to face.

If you are approaching retirement we recommend you get guidance or advice to help you understand your options.

For more information

If you’re new to Aviva

0808 256 2601

Lines are open:

Monday to Friday, 9.00am - 5.00pm

Or if you’re already a customer

0800 533 5195

Please be aware this line is very busy at the moment, we are doing all we can to answer your call.

Lines are open Monday to Friday, 9am-5pm.

Calls are free from UK landlines and mobile phones. For our joint protection, telephone calls may be recorded and/or monitored.

We can give you all the facts about Aviva’s products and services.

We can’t give you advice. If you are unsure whether a product or a service is suitable for you we can put you in touch with a financial adviser who can give you a personal recommendation. This service will be restricted advice and is limited to a number of product providers. There may be a charge their for advice.

Alternatively, you can visit www.unbiased.co.uk to find an adviser in your local area

Nothing on this site is personalised advice or a recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice.

Aviva UK Digital Limited introduces to Aviva Annuity UK Limited for annuities. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen’s, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.

Aviva Annuity UK Limited. Registered in England No. 3253948. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 202991.

Back to top