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11 March 2024 last updated
Annuity Rates Chart
Annuity income - last 17 years
Based on figures for March 2024
Annuity Rates Chart
 

Our benchmark annuity rates chart is £7,295 pa on 8 March 2024

The pension annuity rates chart is the latest with income of £7,295 pa based on our benchmark example for 65 year, £100,000 fund on a single life, level and no guaranteed period.

The pension income reached an all time low of £4,696 pa in August 2016.



 
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How annuity rates have changed

This is based on all single and joint annuitants aged 55 to 75 and with three types of features selected, level, level with a 10 year guaranteed period and 3% escalation.

Find out more details:
Monthly analysis of annuities and gilt yields


Annuity rate changes are closely linked to the 15-year gilt yields and ss a general rule a 30 basis point rise in yields would increase annuities by 3.0% although the providers may take time to introduce these changes depending on their own strategies.

The 15-year gilt yields increased by +24 basis points to 4.45% during February 2024 with providers of standard annuities increasing rates by an average +4.62% for this month and rates may decrease by -2.22% in the short term if yields remain at current levels.

For smoker and enhanced annuity providers have increased their rates by an average of +1.50% and rates may increase by +0.90% in the short term if yields remain at current levels.


Impaired annuity rates remain volatile with providers increasing annuities and changing the pricing and margins on different medical conditions on a regular basis.
 
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Find out about the latest changes in annuity rates and if they are rising or falling.
   
15-Year Gilt Yields 15-Year Gilt Yields
The 15-year gilt yields have a significant effect on annuity rates which we update daily.

Annuity Rates
Single
  55 £6,157  
  60 £6,591  
  65 £7,295  
  70 £8,213  
Joint
  55 £5,902  
  60 £6,307  
  65 £6,868  
  70 £7,669  
£100,000 purchase, level and standard rates
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