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Annuity Rates

Annuity rates can vary up to 25% between annuity companies. So take your timel to shop around for the best annuity rate for you and your circumstances.

The sample annuity rates displayed on this page are those quoted for annuity payments for open market options. The annuity available to you may vary if:

You decide to choose an index-linked annuity that will keep up with inflation
You want a joint life annuity that will give your partner an income after you die
You are eligible for an impaired life annuity as a result of poor health or you are a smoker

Remember, by making the right decisions about your annuity and choosing the right provider you could increase your retirement income by up to 25% or more!!

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SINGLE LIFE - standard Annuity

Fund size: £100,000 (after taking £33,333 tax free cash)

The illustrated pension annuity rates table below shows the best open market option income for a compulsory purchase annuity. The original pension fund used is £133,333 and the tax free lump sum subtracted, £100,000 is used to purchase an annuity.

The annuity is paid monthly in arrears and compared on a level annuity, 3% escalation, and level with 10-year guarantee basis for single males and female from the age of 50 to 74 years. No medical adjustments are included in these illustrations.

Last updated: 07 March 2008

standard - level annuity

	male 50	£5,782
	male 55	£6,096
	male 60	£6,648
	male 65	£7,404
	male 70	£8,604
	male 74	£9,972

	female 50	£5,676
	female 55	£5,940
	female 60	£6,324
	female 65	£6,924
	female 70	£7,800
	female 74	£8,832

standard - level annuity, 10-year guarantee

	male 50	£5,772
	male 55	£6,072
	male 60	£6,576
	male 65	£7,224
	male 70	£8,100
	male 74	£8,976

	female 50	£5,652
	female 55	£5,904
	female 60	£6,264
	female 65	£6,816
	female 70	£7,584
	female 74	£8,364

standard - 3% escalation

	male 50	£3,648
	male 55	£4,080
	male 60	£4,644
	male 65	£5,412
	male 70	£6,600
	male 74	£7,908

	female 50	£3,492
	female 55	£3,816
	female 60	£4,320
	female 65	£4,956
	female 70	£5,856
	female 74	£6,888

Annuity table - the annuity table rate shown above is based on a purchase price of £100,000 and should be used as a guide only. For an annuity rate specific to your circumstances you should complete the free 24hr annuity quote. Online Free Annuity quote

JOINT LIFE - standard

Fund size: £100,000 (after taking £33,333 tax free cash)

The next pension annuity rates table displays the best open market option OMO income for a compulsory purchase annuity. The original pension fund is £133,333 and after the tax free lump sum has been taken, £100,000 is used to purchase an annuity.

The annuity is then paid monthly in arrears and compared on a level annuity with 50% spouse benefit on death, level with 100% spouse and 3% escalation with 50% spouse basis. No medical enhancements are included in these rates.

Last updated: 07 March 2008

standard - level annuity, 50% spouse

	male 50 and female 50	£5,568
	male 55 and female 55	£5,796
	male 60 and female 60	£6,216
	male 65 and female 65	£6,792
	male 70 and female 70	£7,620
	male 74 and female 74	£8,568

standard - level annuity, 100% spouse

	male 50 and female 50	£5,400
	male 55 and female 55	£5,532
	male 60 and female 60	£5,856
	male 65 and female 65	£6,324
	male 70 and female 70	£6,924
	male 74 and female 74	£7,656

standard - 3% escalation, 50% spouse

	male 50 and female 50	£3,420
	male 55 and female 55	£3,768
	male 60 and female 60	£4,224
	male 65 and female 65	£4,836
	male 70 and female 70	£5,676
	male 74 and female 74	£6,636

Annuity table - the annuity rate Table shown above is based on a purchase price of £100,000 and should be used as a guide only. For an annuity rate specific to your circumstances you should complete the free annuity quote. Online Free Annuity quote

The above table can be compared to the income from a with-profits annuity. This is only important where the annuitant wants to maximse the income from a pension fund and must decide whether to commute the tax free lump sum and to invest in a purchased life annuity, or use the money for more pension income. A comparison of annuity taxation shows the best option for a basic rate tax payer.

Disclaimer: Information found on this site does not amount to financial advice or legal advice. Every time you access the website you agree to be bound by the Terms and Conditions. If you do not agree to be bound by them, you should not use any information displayed. Before taking any action regarding pensions, pension on divorce or any other financial or legal matter you should seek professional advice.