Will my annuity change with inflation?

When you buy an annuity, you can choose your income to be fixed at the same level, to go up by a set percentage over time, or to increase based on inflation. You may want to speak to a financial adviser before you make that decision. Having your annuity income increase with inflation will mean it starts lower and may take a number of years to match what you’d get with a level income annuity.

Find out how much guaranteed income you could get by using our pension annuity calculator.