Use the smoker annuity rates tables if you smoke more than ten cigarettes per day or 3 ounces of cigarette tobacco per week and have done so for the past ten years. You will qualify as a smoker so simply use the FREE quote service and receive higher rates from the providers than the standard annuity quote. Have a look at annuities or annuities explained for general annuity information.
Last reviewed: 31st January 2012
These smoker annuity rates are for a pension of £100,000 after the
tax free lump sum of £33,333 has been taken. Rates for Males, females and Joint life basis are shown.
Male Smoker Annuity Rates
Age
Level annuity rate
no guarantee
Level rate +
10-year guarantee
3% escalation
no guarantee
Male 55
£5,885
£5,836
£4,054
Male 60
£6,546
£6,416
£4,689
Male 65
£7,386
£7,129
£5,540
Male 70
£8,536
£8,030
£6,795
Male 75
£10,320
£9,122
£8,502
For annuity rates specific to your circumstances, ask for a quote today
Female Smoker Annuity Rates
Age
Level annuity rate
no guarantee
Level annuity rate +
10-year guarantee
3% escalation
no guarantee
Female 55
£5,741
£5,701
£3,914
Female 60
£6,247
£6,165
£4,464
Female 65
£7,044
£6,880
£5,236
Female 70
£8,204
£7,842
£6,484
Female 75
£10,013
£9,012
£8,239
For annuity rates specific to your circumstances, ask for a quote today
Joint Smoker Annuity Rates
Age
Level annuity rate +
50% Joint Life
Level annuity rate +
100% Joint Life
3% escalation +
50% Joint Life
Both 55
£5,501
£5,162
£3,640
Both 60
£5,898
£5,437
£4,079
Both 65
£6,512
£5,825
£4,715
Both 70
£7,423
£6,534
£5,619
Both 75
£8,675
£7,551
£6,970
For annuity rates specific to your circumstances, ask for a quote today
Annuity rate notes: The table shows the best open
market option pension annuity rates for smoker 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 advance 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 pension 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 55 to 75 years.
•
No medical enhancements are included in these rates.
•
The annuity rates table is only a guide as rates
change frequently. Please request a free
annuity quote for an accurate income for your retirement annuity.
At retirement you can use your pension to buy an annuity with
the option to use an open market option to search for the highest smoker pension annuity. Once you have purchased an annuity it cannot be changed, so learn more about annuities, compare annuity rates and before making a decision at retirement, secure a personalised pension annuities quote offering guaranteed rates.
