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11 March 2024 last updated
Latest Gilt Yields Chart
15-year gilt yields - last 17 years
Based on figures for March 2024
Annuity Rates Chart
 
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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  55 £6,157  
  60 £6,591  
  65 £7,295  
  70 £8,213  
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  55 £5,902  
  60 £6,307  
  65 £6,868  
  70 £7,669  
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