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.

Last reviewed: November 2017

Unisex rates (men and women)   Age 65 £5,100     Age 70 £6,050     Age 75 £7,100     Age 80 £9,150     Age 85 £11,400     Age 90 £14,800   3% Escalation, Single Life Unisex rates (men and women)   Age 65 £3,500     Age 70 £4,300     Age 75 £5,250     Age 80 £7,200     Age 85 £9,500     Age 90 £12,700   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.

Last reviewed: November 2017

Male + Female 50% joint rates   male 60 and female 60 £4,350     male 65 and female 65 £4,800     male 70 and female 70 £5,550     male 75 and female 75 £6,350   3% Escalation, Joint Life Male + Female 50% joint rates   male 60 and female 60 £2,800     male 65 and female 65 £3,200     male 70 and female 70 £3,850     male 75 and female 75 £4,600   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.