Enhanced annuity

Dawn

Dawn’s story – 64 years old

Dawn has relatively poor health which she knows may shorten her life expectancy. After researching her choices she feels an enhanced annuity may provide her with a higher income than a standard annuity.

Dawn's full story

in her pension pot and is planning to retire now.

She has smoked for the last 10 years, is overweight and has diabetes, some of the many conditions that could make someone eligible for an enhanced annuity.

Due to the state of her health Dawn is aware she may die before the average person her age. Dawn considered leaving her pension pot invested since if she passes away earlier than expected there would be a lump sum to leave to her dependants. However, Dawn decided not to do this as she wanted to have a guaranteed income.

After taking her 25% tax-free lump sum of £0 an enhanced annuity will then give her around £0 which is £0 more per month than a standard annuity at £0.

Please click here to read the assumptions we’ve made.

Scroll down to see Dawn's figures

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