Annuities | Help and support https://thepeoplespension.co.uk/help Search our knowledge base for answers Wed, 07 Aug 2024 08:31:54 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.2 How do I protect my pension income against inflation? https://thepeoplespension.co.uk/help/knowledgebase/how-do-i-protect-my-pension-income-against-inflation/ Fri, 02 Dec 2016 15:01:10 +0000 http://prodtpp.wpengine.com/help/?post_type=knowledgebase&p=3032 To protect your income against inflation, you can ask for your pension to increase in line with the Retail Price Index (RPI) each year, or it can increase at a fixed rate (3% or 5% each year are the most common). Please note that an increasing pension will reduce your initial annuity value in comparison with a level annuity.

]]> How often will my pension be paid? https://thepeoplespension.co.uk/help/knowledgebase/how-often-will-my-pension-be-paid/ Fri, 02 Dec 2016 15:01:09 +0000 http://prodtpp.wpengine.com/help/?post_type=knowledgebase&p=3037 You can normally specify the frequency of your payments – monthly, quarterly, half yearly or annually.  The frequency of payments will affect the amount of income you receive i.e. the more often your income is paid the lower the payments. The payments can be in advance (with the first payment made immediately after the annuity starts) or in arrears (monthly in arrears would start after one month).

Your income will be paid directly into your UK bank or building society account

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