Annuity tables showing best UK pension annuity rates

What follows are some annuity tables showing best UK pension annuity rates. First, though, the cost of adding certain options to your annuity. If you choose to add a five year guarantee period, you could reduce your annuity income by around 0.5%. If you choose to add a 50% spouse’s pension benefit with a joint life annuity, you could reduce your annuity income by around 9%. If you choose to have annuity payments that increase by 3% – 5% per annum you could reduce the initial income by 30% – 35%; perhaps even more for an inflation proof annuity.

Many people at retirement consider themselves to be fit and healthy, but there are certain lifestyle issues that could effect the UK annuity rates you get. Being greatly overweight can make a difference. If you’re classed as clinically obese this could add around 8.2%. If you’re a heavy drinker this could add around 9%. In addition, living in a ‘less prosperous’ area could make a difference of around 7% to the annuity rates you get, as we now have postcode annuities rated on where you live. According to recent research from some leading annuity providers around 30% of people at retirement age are classed as overweight, and 26% regularly consume alcohol.

These annuity tables are based on a £100,000 pension fund, with monthly incomes, level, and no guarantee period. Naturally, accurate figures depend on your circumstances.

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