Smoker Annuities

Get up to 40% More Income!

If you are a smoker and looking to buy an annuity you could get considerably more income from your pension fund.


Smoker annuities are annuities which give preferential rates to smokers, based on their perceived lower life expectancy.Unlike life insurance where smokers are actively penalised for their choices, annuities are one occasion when smokers actually benefit from preferential rates, thereby providing them with potentially higher annuity income than the equivalent non-smoker.


See the table below to give you an idea of current annuity rates for smokers on defined terms. For latest rates use our annuity quote service to help you get the best deal.

Annuity Quotes - Joint Life Aged 65 (Smokers)
ProviderAnnual IncomePayment TermsPurchase AmountGet Quotes
£5,839Annual income for life£100,000More Info >
£5,447Annual income for life£100,000More Info >
£5,321Annual income for life£100,000More Info >
£4,962Annual income for life£100,000More Info >

Quotes based on man and a woman aged 65 who have smoked for over ten years, £100,000.00 purchase amount, conventional, level escalation, nil guaranteed period, paid in arrears without proportion, spouse/partner annuity of 66% payable on first death without overlap. Annuity rates correct as at 07/06/2013.

Annuity rates generally are calculated taking into account gilt yields (which rise and fall broadly in line with interest rates), your age, your sex and perceived life expectancy and also the type of annuity being purchased. However, enhanced and impaired life annuities such as smoker annuities will also take certain lifestyle choices into account if this is likely to result in lower life expectancy. This means that higher annuity rates are available, resulting in a higher annuity income, albeit payable for potentially a shorter period of time.

It is important that when considering purchasing an annuity, you speak to a suitably qualified and impartial adviser who is able to take you through the whole range of options, including whether you qualify for smoker annuities rates.

Thinking of buying an Annuity from your pension fund or from private capital? Our Annuity Service provides:-

  • Depending on your pension provider up to 40% More Annuity Income
  • Information on different types of annuity arrangement including investment annuities & with profit annuities
  • Assessment of your circumstances to find the most suitable type of annuity for you or whether there are any other options more suited to you.
  • Information on lifestyle annuities - including  smoker annuities and impaired health annuities you may get even more annuity income.
  • Comparing annuity rates to ensure that you maximise your annuity income.
  • Explaining the annuity options available to you.
  • Helping you with the relevant paperwork to ensure that you annuity is processed smoothly.

For more information on annuities read our Guide to Annuities

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.