Effects of medical conditions on pension amounts

hjd

I am thinking about retirement planning. I have several medical conditions which are likely to reduce my life expectancy.
I have three pension pots - all DC.
Is there any sort of calculator which would give me some idea what sort of enhancement I could be offered on my pension due to reduced life expectancy?
Thanks in advance.

xylophone

You intend to seek quotes for impaired life annuity on all three?http://www.sharingpensions.co.uk/pension_annuity3.htm Some information in this article.

You could try an IFA? https://www.unbiased.co.uk/

atush

But if you have a spouse or dependents, you could look at Drawdown too (as the money would be there for them after you die).

hjd

xylophone wrote: »

You intend to seek quotes for impaired life annuity on all three?http://www.sharingpensions.co.uk/pension_annuity3.htm Some information in this article.

You could try an IFA? https://www.unbiased.co.uk/

I shall be going to an IFA but really want as much as possible sorted out in my mind first.

mania112

what do you mean by enhancement? Are you thinking of buying an Annuity with your pensions?

Depending on what your outlook is, you might find it better to maintain a pension pot in retirement (i,e, entered into a Income Drawdown arrangement) - which will undoubtedly leave you with more to hand down to your beneficiaries.

mania112

sorry, just realised i'm repeating Atush!

atush

sometimes things bare repeating

xylophone

sometimes things bare repeating

The naked truth?

Life in the raw?:eek:

Mr_Prudent

Just as well Waldorf Statler, (head of English language) didn’t spot this one. He would have atush writing out one hundred times; Bare bears bear bare bears, or something similar! :rotfl: