Single Life Annuity

Single Life Annuity













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  Welcome to The Complete Pension Guide 2017!


For – setting up a new pension, reviewing your pension, approaching retirement, looking into auto enrolment, and buying your annuity or entering income drawdown

Annuities: Immediate Vesting Personal Pension Plan (IVPPP) – Compulsory Purchase Annuity (CPA) – Purchased Life Annuity (PLA)

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Single Life Annuity

One of the options people need to consider when they buy an annuity is whether they want to buy a single or joint life policy. The pension income provided by a single life annuity is greater than that of a joint life annuity, as the policy needs to only be paid during the remaining life of the policyholder. When the holder passes away the annuity will stop and there will be no provision for the deceased’s spouse or partner.