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Half of 65 year-olds could get more retirement income

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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.”

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