Standard annuity rates apply to people in good health and vary greatly between annuity providers. By shopping around to find the best annuity rates, you could get a higher retirement income.


By getting the best annuity rates, you could be hundreds (and in some cases, thousands) of pounds better off for each year of your retirement!

The following table illustrates how standard annuity rates can vary:

EXAMPLE STANDARD ANNUITY RATES COMPARISON
ANNUITY PROVIDER ANNUAL ANNUITY INCOME
Just Retirement
£5,376.00
Hodge Lifetime
£5,088.00
Legal & General
£5,016.00
SAGA
£4,992.00
Canada Life
£4,920.00
Retirement Advantage
£4,752.00
Aviva
£4,320.00

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



You can see from this example how shopping around for the best standard annuity rates can boost your retirement income.


Make sure you don’t miss out on potentially thousands of pounds of extra retirement income over your lifetime!