Just three simple questions and you’ve completed step 1 - what’s more, with this information we can give you an indication of the likely level of guaranteed income you could receive for the rest of your life if you choose to buy an annuity.
These days you have far greater choice and freedom over how you use your pension pot from April next year. Nevertheless, it can be a useful starting point to understand how much income you could receive every year without taking any investment risk.