Help Centre/Non-Investment Income/Annuity

Annuity

1 min read

Summary

Enter the gross annual income your annuity pays.
Set inflation-linked to Yes only for an escalating annuity — most are level and lose purchasing power over time.
Use MoneyHelper's comparison tools for an estimate if you haven't purchased one yet.

Entering an annuity

Enter the gross annual income your annuity pays. Set inflation-linked to Yes only if you chose an escalating annuity (a fixed % or RPI/CPI-linked increase) — most annuities are level and pay more initially but lose purchasing power over time, so leave it as No unless you know otherwise. If you haven't purchased one yet, MoneyHelper's annuity comparison tools give a reasonable estimate.

Frequently asked questions

Should I set my annuity as inflation-linked?

Only if you chose an escalating annuity (a fixed % or RPI/CPI-linked increase). Most annuities are level, so leave it as No unless you know otherwise.

I haven't bought an annuity yet — what should I enter?

MoneyHelper's annuity comparison tools give a reasonable estimate to use in the meantime.

More in Non-Investment Income

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