Annuity Rates

Last updated: 14/01/2017

The annuity rates offered by annuity providers vary.

Depending on your circumstances it’s possible that, by shopping around to find the best annuity rates, you could get as much as 40% more retirement income.

In many cases, this means that you could be hundreds (and in some cases, thousands) of pounds better off for each year of your retirement!

Annuity Rates Example

The following table illustrates how annuity rates vary:

Just Retirement
Hodge Lifetime
Legal & General
Canada Life
Retirement Advantage

The above figures are for illustrative purposes only. They are based on standard annuity rates for a person aged 65 with a pension pot of £100,000 buying a single life, conventional Lifetime Annuity with level income, no guaranteed period and the income paid in arrears without proportion. A Wokingham RG40 postcode was used for quotation purposes. The income figures shown are gross. Annuity rates checked: 14/01/2017. Source: Money Advice Service Annuity Comparison Tables

The above table just shows standard annuity rates and doesn't demonstrate how some annuity providers pay Smoker Annuity rates, Postcode Annuity rates, Enhanced Annuity rates and Impaired Life Annuity rates if you suffer from ill health or have lived particular lifestyles.

There are many important decisions to make and factors and options to consider when it comes to accessing your pension benefits and you can't afford to make any mistakes.

Make sure you don’t miss out on potentially thousands of pounds of extra retirement income over your lifetime by not getting the best annuity rates!