Retirement Annuities

Annuities provide a guaranteed lifetime income and can include a spouses pension. We offer unbeatable quotes.

Post Retirement

Retirement Annuities

Retirement Annuities are designed to provide you with a regular and guaranteed income for the rest of your life, and if considering this option, it is important to choose an annuity that reflects both your needs and those of your partner, where applicable.

For some people an annuity is considered the most suitable way to receive their retirement income, especially if prevailing annuity rates are high, and they wish to avoid any potential market risks, in reinvesting their residual retirement fund in an ARF.

However, for Defined Contribution type pension funds, annuities should always be compared against an ARF alternative, as especially from a succession perspective, ARFs offer their own advantages, and risk can be managed.

In choosing an annuity, adding a spouse’s pension, guaranteed period, and or inflation protection, lowers the amount of your pension payment. Careful individual assessment and expert financial guidance is needed when deciding how best to use your pension pot, once you have taken your tax-free lump sum.

Retirement Annuity

Post Retirement

The Annuity Option

Times of rising interest rates can certainly make an annuity more attractive, but it should be remembered, that annuities end on the death of the annuitant, unless a spouse’s pension (up to 2/3rds) or a guaranteed period (up to 10 years) is built in at set up.

It's also hugely important, to compare the open market and to insist that any advisor commission in confirmed upfront.

Post Retirement

Types of Annuity

There are different annuity types available, with a range of optional add-ons.

In summary:
Optional extras will affect the level of pension income you receive: the more add-ons you choose, the more it will cost you and the lower your pension income will be.

Retirement Annuities

Post Retirement

Weighing up the Annuity Option

Like all choices in life, annuities offer both advantages and disadvantages, so we have set these key considerations below. Prior to requesting your annuity quote, we would suggest that you carefully consider these pros and cons, noting that where you do choose to go the annuity route, we guarantee the most competitive rates on the Irish annuity market and operate a reduced commission model of just 1%.

Advantages

Disadvantages

testimonials

Google Reviews

Our annuity client feedback through reviews.

Sean Rafter
Best Advice
Read More
One Quote took the time to clearly explain my options and were careful to point out both the pros and cons of choosing an annuity for my retirement. They where also able to secure a higher figure than I had quoted elsewhere. Very professional service.
Mary O'Sullivan
Recommended
Read More
I am very happy to recommend One Quote Financial Brokers to anyone, seeking the best annuity rate in retirement. They are expert, friendly and completely transparent and really take the time to examine your long-term needs and expectations in retirement.
David Kearns
Great Support
Read More
I am delighted to recommend One Quote to anyone about to choose an advisor as they approach their retirement. They took the time to outline both ARF and Annuity options, and proved the most competitive and expert, when it came to best advice.

Get in touch

Let's Talk

Schedule your free consultation now.