Other services **available to you**
HUB Financial Solutions guided annuity service
An annuity offers a guaranteed income for the rest of your life. With this option, you can take up to 25% of your pension pot as a tax-free lump sum, and the rest is used to buy a regular income from a provider on the open market. Once an annuity has been set up and the cancellation period has passed, you won’t be able to change your mind.
The income you get depends on the size of your pension pot, your age, postcode, health and lifestyle, annuity rates and the annuity features you choose to add. As a member of the Royal Mail Defined Contribution Plan, there is no fee for using this service. However if you wish to re-use the service again at a later date, these fees would not be covered for a second time.
If you would rather receive professional financial advice take a look at our other service, Destination Retirement.
How to purchase a guaranteed income
We’ll collect health and lifestyle information to investigate whether you’re eligible for enhanced annuity rates as part of our service. We won’t make a recommendation or tell you what to do. We’ll give you all the help and information you need to make an informed decision and we’ll work with your pension scheme and the annuity provider to transfer your pension funds and set-up your annuity.
Enquire now to explore the option of purchasing an annuity.
