Annuity best buy rates
These annuity best buy tables show you the best annuity rates available from our panel of leading providers including Standard Life, Aviva, Legal & General and many more.
The rates shown below are based on a fund value of £100,000 after taking tax free cash with payments made monthly in advance. They aim to provide you with an indication of the annuity rates currently available.
Annuity rates may have changed since these figures were last updated, to get an up to date personal annuity quotation you can use our FREE online annuity search engine.
| Select to view male or female annuities: |  |
 |
| Age | |||||
|---|---|---|---|---|---|
| 55 | 60 | 65 | 70 | 75 | |
| Single life, level, no guarantee |
£5,594 |
£6,038 | £6,669 |
£7,546 |
£8,944 |
| Single life, level, 5yr guarantee |
£5,572 | £6,023 | £6,636 |
£7,506 | £8,846 |
| Single life, 3% escalation, 5yr guarantee |
£3,580 | £4,117 | £4,764 | £5,641 | £7,006 |
| Joint life 50%, level, no guarantee |
£5,277 | £5,689 | £6,161 | £6,727 | £7,684 |
| Joint life 50%, 3% escalation, no guarantee |
£3,222 | £3,613 | £4,119 | £4,805 | £5,824 |
| Age | |||||
|---|---|---|---|---|---|
| 55 | 60 | 65 | 70 | 75 | |
| Single life, level, no guarantee |
£5,331 |
£5,762 | £6,286 |
£7,024 |
£8,336 |
| Single life, level, 5yr guarantee |
£5,327 | £5,753 | £6,268 | £6,983 | £8,204 |
| Single life, 3% escalation, 5yr guarantee |
£3,367 | £3,826 | £4,369 | £5,132 | £6,452 |
| Joint life 50%, level, no guarantee |
£5,188 | £5,591 | £6,049 | £6,682 | £7,784 |
| Joint life 50%, 3% escalation, no guarantee |
£3,236 | £3,689 | £4,178 | £4,841 | £6,044 |
Key to terminology
Rates correct as at - 11 March 2010
Terminology
Single life This means the income is payable to you only and will not continue to be paid to your spouse upon your death.
Joint life 50% This means that upon your death 50% of the income will continue to be paid to your spouse. Different percentages are available up to 100%. Where a joint life annuity is shown, this is based on a named spouse where the male is 3 years older than the female.
Level This means the income will remain level and not increase over time.
RPI This means the income from your annuity changes in line with inflation as measured by the Retail Price Index.
3% escalation This means the income from your annuity will increase by 3% every year.
Guarantee This means the annuity will continue to pay an income for at least that period of time (i.e. 5 years), even if you should die before that time. Guarantee periods of up to 10 years are available. Guarantees on protected rights are limited to 5 years.
Why shop around?
When setting up your annuity it is vital that you shop around. Once set up your annuity cannot be changed, it is important you get the best deal. The income will be paid for the rest of your life so even a small increase could make a big difference over your lifetime.
Your current provider may not be offering you the best deal. Many people think that they have to purchase their annuity from the same provider that they built up their pension pot with. This is not the case. By shopping around you could increase your annuity by up to 30%!
If you are unsure of the annuity options available to you and what effect they might have on the level of income you could receive, please call our pensions helpdesk on 0117 980 9940 and they will be happy to answer any queries you have.
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Client
case study
Mr Judd from Southend-on-Sea explains how Hargreaves Lansdown helped him get a retirement income that was more than 15% higher than that offered by his existing pension provider. Read his story...
Client case study:
Mr Judd from Southend-on-Sea
"Hargreaves Lansdown was recommended to me by a friend. I was using another financial adviser at the time and I was extremely displeased with the pace that they were dealing with things."
"Obviously you were giving me the best rates you could achieve in the circumstances. I was going on your professional judgement. You always kept me informed. I was pleasantly surprised just to receive letters saying, even though you hadn’t got any news you were pursuing things."
"Overall it was a positive experience. You arranged my annuity in an efficient and professional way. I was in the fortunate position of having a comparison of you and the other firm. There was just no comparison: you were top of the class and they were bottom."
Did you know?...
Annuity rates can change
at any time. Once
you've got your
quote and decided
the time is right
it's important to act quickly.
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