The Retirement Account

Certainty, flexibility and simplicity for life

Passing on a legacy



Guaranteed Annuity 

The Retirement Account Guaranteed Annuity offers different ways to pass money on to your loved ones when you die. With the help of your adviser, you will usually select one or more of the following options (although it is not possible to choose both the Money-back guarantee and the Income Guarantee).

Money-back guarantee

This provides a lump sum on your death. The amount payable can be up to 100% of the amount you originally used to buy the Guaranteed Annuity, less all of the pension payments made to you at your date of death.

Dependant's income 

You can ensure that a dependant (spouse, partner or other dependant) receives a proportion of your income for the rest of their life should you die before them. The amount paid could be up to 100% of your income.

Income Guarantee 

You can choose to guarantee your annuity payments for up to 30 years. This means that in the event of your death, the annuity continues to be paid in full for the remainder of the Income Guarantee period.

Pension Drawdown / Pension Savings  

In the event of your death, any remaining Pension Drawdown or Pension Savings funds will be made available to your loved ones. Because of the way The Retirement Account is structured your loved ones will have a great deal of flexibility in how they receive death benefits. This may prove useful if you die after the age of 75 in which case the benefits they receive are taxable.



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