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    • Home • Advice • Common questions

    Should I buy an annuity now that my pension pot has fallen in value, or wait?

    13 April 2026

    Question by Boring Money reader

    Answered by Lucy Grifferty

    There isn’t a one‑size‑fits‑all answer. Annuity

    income depends on both annuity rates and the value of your pension pot. If markets have fallen, locking in today could mean a lower starting income, but annuities can still offer valuable certainty and peace of mind. You may end up waiting a long while for markets to recover, by which point annuity rates may have fallen themselves. Some people choose to wait, or only annuitise part of their pension, to keep flexibility.

    Answered by

    Lucy Grifferty

    Director & Independent Financial Planner

    Lucy helps people in mid to later life understand their current circumstances through financial planning. She supports them and helps them achieve their personal goals through the implementation of tailored financial advice.

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    InformationHistorically, money invested for more than five years grows more than cash savings. Remember that investments can also fall, so you might not get all of your money back. Tax treatment depends on individual circumstances and may change.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.