This is the annuity calculator provided to the Barclays Bank UK Retirement Fund
by TOMAS. This tool will help you understand what income you can buy with your pension
fund value when you come to retire.
More than 12,000 people in the UK are over 100 years old.
Office of National Statistics figures suggest there are over 12,000 centenarians in the UK.
Generally, people today are living longer, healthier and more productive lives than
any other generation.
How do I turn my pension savings into an income?
This is one of the most important decisions you will make. But don’t worry. We’ll
help you understand your options clearly and simply.
What do I have to do?
Boost your income in retirement
Everyone has the right to shop around at retirement for the best deal.
It’s just like buying car insurance, except that the stakes are higher, much, much
higher. With car insurance, if you don’t shop around this year, there’s always next
year. That’s not the case at retirement. For most people, this is a single, irreversible,
one-off decision. A bad choice could cost you dearly.