Pension Annuity Calculator
Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896.
Defined benefit schemes
A pension scheme where members know the level of benefits they are entitled to in advance. The value of the benefits for each member is linked to their salary, either throughout their career or when they leave the company. A final salary scheme is a common type of defined benefit pension scheme.
You and/or your employer invest into your pension fund during your working life and you use it to provide for yourself in retirement.