The following tables show the best income that can be use to buy a purchased life annuity from a lump sum of £100,000. The annuity is paid gross in arrears and does not include a guaranteed period for the income shown. It assumes the annuitant purchases the annuity for the ages from 65 to 85. A comparison has been made for a single life on a level annuity basis and 3% escalation.

Male single life Female single life   male 65 £6,456     male 70 £7,306     male 75 £9,700     male 80 £10,596     male 85 £13,696     female 65 £6,206     female 70 £7,126     female 75 £8,286     female 80 £10,426     female 85 £13,806   3% Escalation, Single Life Male single life Female single life   male 65 £4,426     male 70 £5,306     male 75 £6,536     male 80 £8,656     male 85 £11,656     female 65 £4,276     female 70 £5,196     female 75 £6,476     female 80 £8,626     female 85 £10,946   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 annuities specific to your circumstances. Use the following for a free annuity quote.

It assumes £100,000 invested for a a level and 3% escalation basis for an individual aged from 60 to 75. The annuity is paid gross in arrears, does not include a guaranteed period for the income shown, based on a joint life annuity with 50% dependents income. No enhanced annuity rates are included, where the annuitant suffers from ill health, is a smoker or is overweight.

Male + Female spouse joint rates   male 60 and female 60 £5,836     male 65 and female 65 £6,366     male 70 and female 70 £7,206     male 75 and female 75 £8,456   3% Escalation, Joint Life Male + Female spouse joint rates   male 60 and female 60 £3,816     male 65 and female 65 £4,386     male 70 and female 70 £5,256     male 75 and female 75 £6,586   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 annuities specific to your circumstances. Use the following for a free annuity quote.

The above table can be compared to the retirement income from pension annuities or see annuity rates. This is only important where the annuitant wants to maximise the income from a pension fund and must decide whether to commute the tax free lump sum and to invest in purchased life annuities, or use the money and take more pension income. A comparison of annuity taxation shows the best option for a basic rate taxpayer.