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11 March 2024 last updated |
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Latest Gilt Yields Chart |
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15-year gilt yields - last 17 years |
Based on figures for March 2024 |
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15-year gilt yields chart is at 4.28% on 8 March 2024
Find out more details:
Monthly analysis of annuities and gilt yields
Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities. The above chart shows yields at an all time low of 0.162% on 9 March 2020 after concerns over a no-deal Brexit, the US-China trade tensions and fear of recession due to the Coronavirus.
The 15-year gilt yields had reduced significantly since June 2008 due to the financial crisis and reached a record high of 5.13% on 23 October 2023 as interest rates are expected to be higher for longer. |
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As 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.
By 1 March 2024 yields were -48 basis points lower than the figures in July 2008 when they were 4.83%.
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.
For the latest updates see Annuity Rates Review. |
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Annuity Rates Chart
Read the latest annuity rates review to find out if this is the best time to buy an annuity. |
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Annuity Rates Changes
Find out about the latest changes in annuity rates and if they are rising or falling. |
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Single |
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55 |
£6,157 |
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60 |
£6,591 |
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65 |
£7,295 |
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70 |
£8,213 |
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Joint |
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55 |
£5,902 |
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60 |
£6,307 |
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65 |
£6,868 |
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70 |
£7,669 |
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£100,000 purchase, level and standard rates |
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