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Annuity RatesWhether you’re fit and healthy, suffering from poor health, overweight or a smoker, we’ll find you a higher annuity income for your retirement.
Annuity OptionsYou can add various options to your annuity to tie in with your personal circumstances. Click here for details of the options that might apply to you.
Annuity TypesIt’s important that you select the right type of annuity for your requirements. Click here for details of the various annuities available.
Standard Annuity Rates
Increase your retirement income by up to 20%
Standard annuity rates apply if you’re considered to be in good health, and non-smoking, and are based on your age, your gender, the size of your pension fund, and your postcode.
Annuity rates do vary greatly between providers. Your current pension company might offer you a poor deal, and you could be substantially better off buying your annuity from us.
Click on the annuity calculator to obtain a free personalised annuity quote.
If there are any lifestyle issues to take into consideration you could get significantly more than the figure shown.
To give you an idea of the cost implications of adding different options to your annuity we have compiled the following tables.
These are only example quotes, but they clearly illustrate the effect on income the various options can have.
If you require quotations for different income options, guarantee periods, or a joint life annuity, please contact us and discuss your circumstances with one of our advisers.
Example monthly annuity quotes for a male aged 65
| Male 65 | Level income | Increasing income | ||
| Pension fund | No guarantee | 10 year guarantee | 3% per annum | RPI per annum |
| £25000 | £150 | £148 | £104 | £89 |
| £50000 | £301 | £296 | £207 | £179 |
| £75000 | £449 | £442 | £315 | £276 |
| £100000 | £599 | £591 | £422 | £369 |
Example monthly annuity quotes for a female aged 65
| Female 65 | Level income | Increasing income | ||
| Pension fund | No guarantee | 10 year guarantee | 3% per annum | RPI per annum |
| £25000 | £143 | £142 | £96 | £82 |
| £50000 | £286 | £283 | £193 | £166 |
| £75000 | £424 | £421 | £288 | £249 |
| £100000 | £567 | £561 | £387 | £335 |
Example monthly joint life annuity quotes, with a 50% spouse’s pension. Male 65, female 63.
| M 65, F 63 | Level income | Increasing income | ||
| Pension fund | No guarantee | 10 year guarantee | 3% per annum | RPI per annum |
| £25000 | £137 | £137 | £92 | £78 |
| £50000 | £275 | £274 | £184 | £158 |
| £75000 | £412 | £409 | £278 | £237 |
| £100000 | £550 | £549 | £370 | £318 |
As a guide: adding a guarantee period has little effect on the annuity paid; taking a 3% per annum increasing income reduces the initial income by around 30%; and taking a RPI per annum increasing income reduces the initial income by around 40%.
Additional information
An annuity with a 3% per annum increasing income will start at a lower level but the income will go up 3% each year.
An annuity that increases by RPI per annum will combat inflation, but the income will start at a much lower level.
A guarantee period means that the annuity income will be paid for the selected time period, even if you die before then.
A joint life annuity will pay a proportion of your annuity income to your spouse or partner should you die early.
Annuity rates dated July, 2010, based on a postcode area with higher annuity rates.
