Buying A Pension Annuity -

: The amount you receive depends on several factors: The total size of your pension pot.

: Provides a guaranteed income for the remainder of your life, no matter how long you live. buying a pension annuity

: In return, the insurer provides regular payments that act like a salary during retirement. : The amount you receive depends on several

: You pay a lump sum from your "defined contribution" pension to an insurance company. buying a pension annuity