You are here: Home - Retirement -

Half of 65 year-olds could get more retirement income

0
Written by:
06/03/2013
Half of Britain's retirees could be entitled to higher income due to a health or lifestyle condition that qualifies them for an enhanced annuity.

The latest analysis from annuity provider Partnership also highlights that a typical 65-year old with a common condition could receive an average 25% in extra pension income. This is after taking into account the recent gender pricing changes.

The top 5 enhanced annuity medical conditions identified by Partnership are:

  • diabetes,
  • cancers,
  • strokes,
  • high blood pressure
  • and chronic obstructive pulmonary disease.

While the top lifestyle conditions include smoking and diabetes.

Andrew Megson, director of retirement at Partnership, said: “When a person is looking to convert their pension into an annuity, they should always declare all current and historic medical and lifestyle conditions.”

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

How to get 7% interest without tying up your savings for years

You don't have to lock your money away for years to get above-average returns on your savings.
How to get 7% interest without tying up your savings for years

NS&I one-year fixed rate bonds are back: How good are they?

National Savings and Investments (NS&I) has released new issues of one-year fixed rate Guaranteed Growth B...
NS&I one-year fixed rate bonds are back: How good are they?

Government looks to ‘abolish’ leasehold this year

Michael Gove, secretary of state for the Department for Levelling Up, Housing and Communities, has suggested t...
Government looks to 'abolish' leasehold this year

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Money Tips of the Week