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If you're thinking of retiring early, you need to make sure that you've built up a pension fund large enough to see you through a long retirement. We've developed a Pension Annuity Calculator that can tell you how much income you could get from your pension fund and what kind of annuity options may be suitable for you.

You also need to bear in mind that, you can't usually take your retirement benefits before you reach your 55th birthday. To find out if you are eligible to take your benefits before these dates speak to your financial adviser. If you don't have an adviser, you can visit www.unbiased.co.uk

Pension Annuity Calculator

See how much income you could get from your pension fund.

Things to consider:

  • How much will you need?

    Your retirement could last for more than forty years. You need to think about several things when you consider whether you can afford to retire now, including:

    • Your goals and how you will be able to achieve them
    • Whether you will be able to cope with any unexpected outgoings if you retire early
    • How inflation and the rising cost of living will affect your income over the coming years.
  • Can you afford it?

    Use our Pension Annuity Calculator to find out.

  • What’s the best option for me?

    Choosing how to fund your retirement is a big decision, so you need to be sure that you choose the right option for you. Read more about ways to fund your retirement.

  • Help protect your family from a large tax bill

    If your estate is worth more than the current inheritance tax threshold of £325,000 for 2014/2015, you should talk to your financial adviser about inheritance tax planning. If you don't, your family may be left facing a large tax bill when you die, please note tax rules may change in the future. If you don't have an adviser, you can visit www.unbiased.co.uk

  • Check what happens if you change your retirement date

    If you change your retirement date, there's a chance that it may affect the value of your retirement fund. You should talk to your pension provider to find out what could happen before you make your decision. If you have a pension fund with Aviva, give us a call on 0800 533 5195.

What to do

  • Use our Pension Annuity Calculator to see how much income you could get from your pension fund.
  • If you have an Aviva pension plan call us for a quote and an information pack. You can reach us on 0800 533 5195. If you've asked for a pack and received it, please read the 'I asked for more information' page.
  • Think about increasing your pension payments if you want to retire early. The more you invest now, the more income you could get later.
  • If you're retiring due to difficult circumstances, you may have more things to consider as you make your decision.
  • For advice and information on your retirement options and annuities, contact your financial adviser. Don't have a financial adviser? Find one near you at www.unbiased.co.uk
  • You can speak to one of our team for information about annuities by calling 0808 256 5442. Or, arrange for one of our team to call you back at a convenient time.

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Contact us

For new policy enquiries or information on our products please call

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Monday to Friday
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Saturday
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For our joint protection, telephone calls may be recorded and/or monitored.Or, arrange for one of our team to call you back at a convenient time.

If you are an existing Aviva customer and would like further information on retirement please call

0800 533 5195

Monday to Friday
9.00am - 5.00pm

For our joint protection, telephone calls may be recorded and/or monitored.

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