How often will my pension be paid?

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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