Get up to 30% More Annuity Income…
If you wish to use your pension fund to buy an annuity at the time of purchase the annuity rate is fixed and is guaranteed not to change.
The annuity rate available at the time of purchase will depend on a number of factors including current interest rates, an insurance company's view on life expectancy trends as well as other factors which may include your state of health.
Generally speaking the younger you are the lower the annuity will be. Other factors such as taking the annuity out on a joint life basis, and inflation proofing the income will also affect the return you can expect.
Current Fixed Annuity Rates:
| Company |
Annual Gross Income |
| Prudential |
£7,856 |
| Canada Life |
£7,761 |
| Legal and General |
£7,703 |
| AEGON Scot Eq |
£7,901 |
Male aged 65, non smoker, £100,000 purchase price, Income paid monthly in advance, no tax free cash, no guarantee period, no escalation in payment. Click here for our Annuity Advice Service
| Company |
Annual Gross Income |
| AEGON |
£6,810 |
| Prudential |
£6,729 |
| Canada Life |
£6,741 |
| Legal and General |
£6,708 |
Female aged 60, non smoker, £100,000 purchase price, no tax free cash, no guarantee period, no escalation in payment
| Company |
Annual Gross Income |
| Liverpool Victoria |
£9,089 |
| Partnership |
£8,879 |
| Just Retirement |
£8,137 |
| AEGON Scot Eq |
£7,901 |
Male aged 65, smoker, £100,000 purchase price, Income paid monthly in advance, no tax free cash, no guarantee period, no escalation in payment. Click here for our Annuity Advice Service
| Company |
Annual Gross Income |
| Liverpool Victoria |
£7,632 |
| Partnership |
£7,482 |
| Just Retirement |
£6,881 |
| AEGON Scot Eq |
£6,810 |
Female aged 60, smoker, £100,000 purchase price, no tax free cash, no guarantee period, no escalation in payment
| Company |
Annual Gross Income |
| Prudential |
£3,791 |
| Legal and General |
£3,751 |
| Canada Life |
£3,668 |
| Standard Life |
£3,400 |
Male aged 65, female age 60, non smokers, £100,000 purchase price with 66% paid to spouse on death. RPI escalation in payment. No tax free cash. Click here for our Annuity Advice Service
| Company |
Annual Gross Income |
| Partnership |
£4,673 |
| LV |
£4,183 |
| Just Retirement |
£3,961 |
| Prudential |
£3,791 |
Male aged 65, female age 60, smokers, £100,000 purchase price with 66% paid to spouse on death. RPI escalation in payment. No tax free cash
| Company |
Annual Gross Income |
| Partnership |
£4,673 |
| LV |
£4,183 |
| Just Retirement |
£3,961 |
| Prudential |
£3,791 |
Male aged 65, female age 60, smokers, £100,000 purchase price with 66% paid to spouse on death. No guarantees or escalation in payment. No tax free cash. Click here for our Annuity Advice Service
| Company |
Annual Gross Income |
| Canada Life |
£6,791 |
| AEGON Scot Eq |
£6,752 |
| Legal and General |
£6,743 |
| Prudential |
£6,728 |
Male aged 65, female age 60, non smokers, £100,000 purchase price with 66% paid to spouse on death. No guarantees or escalation in payment. No tax free cash
Annuity Rates correct as at 23rd July 2008
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