This is the annuity calculator provided to the Barclays Bank UK Retirement Fund by HUB Financial Solutions Ltd. This tool will help you understand what income you could receive with your pension fund value when you come to retire.
You can use this annuity calculator to see how the choices you make can change the income you receive and how the rates offered by providers can change.
If you would like to start your retirement process now, please contact the Barclays team at Towers Watson to initiate the process. You can log on to My Reward via the intranet if you are an active member or log onto ePA via https://epa.towerswatson.com/accounts/barclays/ if you are a deferred member.
Important to note - the illustrations produced by the annuity calculator are estimations based on data sent directly to HUB Financial Solutions from the annuity providers. They are for information purposes only and should not be viewed as a guaranteed offer or recommendation.
These quotes do not take into account your post code or any health or lifestyle conditions all of which may significantly enhance the income you could receive. This calculator provides a limited scope of annuity options. This is an indication only, however if you choose to purchase an annuity there are more choices available.
Have you talked to Pension Wise?
Pension Wise is a government backed service from MoneyHelper that offers free and impartial guidance to people looking to understand their pension options. They can provide you with guidance on your options but they can’t give you any financial advice. They offer appointments with their specialists to anyone aged 50 or over with a defined contribution (personal or workplace) pension. Their appointments typically last around 45 to 60 minutes and they will:
- explain your pension options,
- explain how each option is taxed,
- discuss other factors you’ll need to consider when deciding on your options, and
- tell you what your next steps are.
Link to Pension Wise Website: https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-wise
Pension Scams
Be scam smart.
Pension scams can be hard to spot.
Scammers can be convincing and financially knowledgeable, with credible-looking websites, testimonials and materials that are hard to distinguish from the real thing.
- Get impartial advice
- Reject unexpected offers
- Check the FCA warning list
Link to FCA Website: ScamSmart - Avoid investment and pension scams | FCA