Using a Pension Annuity Calculator can save considerable time. This is because if you want to amend your first annuity quote then keep going back to your pension provider will be frustrating and time consuming.

Instead use an annuity calculator to keep changing your quotes. There are lots of these calculator outs there on the web.

What are the options you need to consider?

Indexation, increases in the payments eac year

Guarantee, payments continue in the event of early death for a set period of time once the pe nsion has started

Spouse or partners pension, do you want your annuity to continue to your spouse in the event of your death, sometimes called joint life annuity.