Standard single rates:
This page shows UK standard (conventional) annuity rates, single life only for males and females, or for more options try the other annuity rates.
These annuities are only a guide as rates
change frequently. Please request a free
annuity quote for an accurate income for you
based on your own personal retirement circumstances.
These conventional rates are for a pension of £100,000 after the
tax free lump sum of £33,333 has been taken.
Last updated: 20 August 2008
Level annuity rates
Male single life
Female single life
male
50
£6,132
male
55
£6,504
male
60
£7,020
male
65
£7,740
male
70
£8,832
male
74
£10,068
female
50
£5,988
female
55
£6,288
female
60
£6,708
female
65
£7,320
female
70
£8,196
female
74
£9,156
Level annuity rates + 10-year guarantee
Male single life
Female single life
male
50
£6,108
male
55
£6,468
male
60
£6,948
male
65
£7,596
male
70
£8,448
male
74
£9,300
female
50
£5,988
female
55
£6,264
female
60
£6,660
female
65
£7,248
female
70
£8,004
female
74
£8,748
3% escalation annuity rates
Male single life
Female single life
male
50
£4,008
male
55
£4,428
male
60
£4,992
male
65
£5,760
male
70
£6,804
male
74
£8,064
female
50
£3,840
female
55
£3,984
female
60
£4,656
female
65
£5,280
female
70
£6,180
female
74
£7,176
The above table is based on a limited number of annuity features and should be used as a guide only. It is important therefore that you shop around for an annuity specific to your circumstances. Use the following for a free annuity quote.
Annuity rate notes: The above table shows the best open
market optionpension annuity rates for standard single annuitants based on:
•
Purchase price of £100,000 - this assumes an original pension fund of £133,333 and after the
tax free lump sum of £33,333 has been taken;
•
Annuity rates are payable monthly in arrears and show the gross income (before deduction of tax);
•
Level annuity rates pay the same income per month for the whole of the annuitants life;
•
Level annuity rates + 10-year guarantee pay the same income per month for the whole of the annuitants life and in the event of an early death, guaranteed to be payable to the estate for 10 years from the start of the annuity;
•
3% escalation annuity rates increase the monthly payments each year by 3% for the whole of the annuitants life;
•
Annuity rates are for single males and single females from the ages of 50 to 74 years.
•
No medical enhancements are included in these rates.
•
The annuities rates tables are only a guide as rates
change frequently. Please request a free
annuity quote for an accurate income for your retirement annuity.
Disclaimer:
Information found on this site does not amount to financial advice or
legal advice. Every time you access the website you agree to be bound
by the Terms and Conditions.
If you do not agree to be bound by them, you should not use the sharingpensions.co.uk
website. Before taking any action regarding pensions, pension on divorce
or any other financial or legal matter you should seek professional
advice.
