Fixed Annuity Rates
Fixed Annuity Rates
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.
The annuity tables below give an indication of current annuity rates:
| Company |
Annual Gross Income |
| Prudential |
£7,162 |
| Scottish Equitable |
£7,100 |
| Legal & General |
£7,089 |
| Canada Life |
£7,047 |
Male aged 65, non smoker, £100,000 purchase price, Income paid monthly in advance
| Company |
Annual Gross Income |
| Norwich Union |
£6,039 |
| Scottish Equitable |
£6,002 |
| Canada Life |
£5,963 |
| Legal & General |
£5,874 |
Female aged 60, non smoker, £100,000 purchase price, Income paid monthly in advance
| Company |
Annual Gross Income |
| Scottish Equitable |
£6,078 |
| Canada Life |
£6,039 |
| Legal & General |
£6,027 |
| Prudential |
£5,956 |
We work with Eden Personal Financial Planning who are a national firm of pension and annuity specialists who can offer: