Online Annuity Calculator

ONLINEANNUITYCALCULATORUK.CO.UK

Updated: $QUOTEDATE$

Searching for a competitive annuity rate is an essential part of ensuring you obtain the best possible income in retirement.

Annuity rates can vary significantly and a rate table is an effective tool to compare the rates offered by providers for differing circumstances.

What affects an annuity rate?

Many factors can alter the annuity rates such as your medical and lifestyle information, Your Age, and your postcode. The type of annuity you buy will also affect the rate, for example whether the annuity will provide an income for yourself or include a dependant, whether it increases with inflation or stays level, and whether you have a guarantee period.

Annuity rates are also affected more generally with regards to other factors such as the value of government bonds, or gilts, which insurance companies buy to fund annuities.

The Bank of England base rate, which has an influence of the level of interest the government will pay on its bonds. Demand for gilts - when they are in high demand, interest payments fall, depressing annuity rates. When they are in low demand, rates may rise.

Other monetary policy - quantitative easing (QE) has also affected annuity rates, as this pushes gilt yields down further, as the purchase of gilts in mass quantity by the Bank of England has reduced interest payments.

Example Annuity Rates updated on $QUOTEDATE$

We have included current annuity rates to provide some examples of what is available. The rates quoted are for a monthly annuity payable in arrears and do not include a dependents pension which might be important for you to consider. The companies we have quoted from include Legal and General, MGM Advantage, Reliance Mutual, Partnership, LV=, Canada Life, Prudential, Standard Life, Aviva, Just Retirement, Scottish Widows, Friends Life and Hodge Lifetime.

Typical Annuity Rates At Age 60 For £50,000


Age 60
Pension Fund £50,000
Non-SmokerSmokerHeart Attack
Level, no guaranteeN/AN/AN/A
Level 5 year guaranteeN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)

Typical Annuity Rates At Age 65 For £50,000


Age 65
Pension Fund £50,000
Non-SmokerSmokerHeart Attack
Level, no guaranteeN/AN/AN/A
Level 5 year guaranteeN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)