Annuity Rate Tables (UK)

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Annuity rate tables (UK) updated: $QUOTEDATE$

When the time comes to consider your retirement options it’s important to be aware of varying rates and products provided by different companies.

Using your right to shop around, known as the ‘open market option’ you can search for the best annuity rates available and ensure you are not missing out on valuable income in retirement.

What affects an annuity rate?

Many factors can alter the annuity rates such as your medical and lifestyle information, Your Age, and your postcode. The type of annuity you buy will also affect the rate, for example whether the annuity will provide an income for yourself or include a dependant, whether it increases with inflation or stays level, and whether you have a guarantee period.

Annuity rates are also affected more generally with regards to other factors such as the value of government bonds, or gilts, which insurance companies buy to fund annuities.

The Bank of England base rate, which has an influence of the level of interest the government will pay on its bonds. Demand for gilts - when they are in high demand, interest payments fall, depressing annuity rates. When they are in low demand, rates may rise.

Other monetary policy - quantitative easing (QE) has also affected annuity rates, as this pushes gilt yields down further, as the purchase of gilts in mass quantity by the Bank of England has reduced interest payments.

Example Annuity Rates updated on $QUOTEDATE$

We have included current annuity rates to provide some examples of what is available. The rates quoted are for a monthly annuity payable in arrears and do not include a dependents pension which might be important for you to consider. The companies we have quoted from include Legal and General, MGM Advantage, Reliance Mutual, Partnership, LV=, Canada Life, Prudential, Standard Life, Aviva, Just Retirement, Scottish Widows, Friends Life and Hodge Lifetime.

Typical Annuity Rates At Age 60 For £50,000


Age 60
Pension Fund £50,000
Non-SmokerSmokerHeart Attack
Level, no guaranteeN/AN/AN/A
Level 5 year guaranteeN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)

Typical Annuity Rates At Age 65 For £50,000


Age 65
Pension Fund £50,000
Non-SmokerSmokerHeart Attack
Level, no guaranteeN/AN/AN/A
Level 5 year guaranteeN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)