An annuity is purchased with an Insurance Company, using your pension fund(s) at retirement. The chosen Insurance Company will then provide you with a regular source of guaranteed income for the rest of your life.

The key considerations when establishing an annuity are:

  1. Do you want the annuity to remain fixed in payment or to increase?
  2. Do you want a spouse to receive an income in the event of your death?
  3. Do you want the income to be guaranteed for an initial period?

Our Annuity Best Rate table provides further information on the best annuity rates currently available.

Once the annuity has been purchased you cannot change your mind. It is therefore important that you make the correct decision at the start. You should shop around and seek financial advice to ensure you receive the best retirement income available at the time.Our experienced team offer a friendly and efficient service and will guide you through all the various options providing you with Independent Financial Advice.

Please contact us for further information or for a quote.

mcleanThe current team at Corporate Benefits Consulting have had MacLean Electrical as a client for around 10 years now and over that time we have got to know them well.

Our Client Manager Maureen Ruddy, has guided our ever- expanding company through the pensions minefield of the last decade, offering advice which culminated in us closing our Final Salary Pension Scheme in 2007 and then going on to establish a new GPPP for all employees. Corporate Benefits guided us through this complex situation and continue to act as advisers to both the Trustees of the closed FS Scheme and also to the individual Members of the new GPPP.

At MacLean Electrical we feel it is important to get to know our service providers so that they can understand our business well enough to allow us all to work together and utilise all of our time effectively. In this way, Corporate Benefits have assisted us greatly by removing a large proportion of the day to day administration burden of running our schemes and they have also been of great assistance in guiding us through the various legislative changes experienced by pension schemes over the last decade and of course beyond.

The experienced team at Corporate Benefits is worth considering if you are a business who needs sound, relevant and effective advice regarding your Pensions and Employee Benefits packages and I would have no hesitation in recommending Corporate Benefits to you.

Gordon CarswellFinance DirectorMaclean Electrical