Best Annuity Tables

WWW.BESTANNUITYTABLES.CO.UK

Updated: $QUOTEDATE$

Searching for the best annuity rate table is an essential part of ensuring you obtain the best possible income in retirement. Annuity rates can vary significantly and a rate table is an effective tool to compare the rates offered by providers for differing circumstances.

The following link will help you run a free comparison quotation for the best annuity tables.

What factors affect your annuity rate?

An annuity is a financial product whereby you exchange a lump sum (your pension fund) for a guaranteed income. How much you get for your lump sum will depend on a number of factors. These include:

Your savings
How much you have saved over your working life to build your pension fund.

Where you live
Some Annuity providers will base their annuity rates on life expectancy in different parts of the UK. If the area you live in has lower life expectancy rates, you may get a higher annuity rate. This is because the insurer assesses that you're likely to die sooner and therefore they need to make payments to you for a shorter period.

Your health
If you're in poor health or have suffered a significant medical condition such as a stroke or a heart attack, annuity providers will assess that you have a lower life expectancy and, thus, a shorter period for them to pay out for. This could mean that you would be entitled to an enhancement on your annuity income.

The annuity rates offered by individual annuity providers
There are lots of different annuity providers around, so rates can vary significantly between providers. When you're looking to buy an annuity it's important that you use your right to shop around, known as the ‘open market option’ to ensure you are getting the best possible rate.

Annuity rates – Other factors
Some external factors can also affect annuity rates, for example the value of government bonds, or gilts, which insurance companies buy to fund annuities.

• The Bank of England base rate, which has an influence of the level of interest the government will pay on its bonds.

• Demand for gilts - when they are in high demand, interest payments fall, depressing annuity rates. When they are in low demand, rates may rise.

• Other monetary policy - quantitative easing (QE) has also affected annuity rates, as this pushes gilt yields down further, as the purchase of gilts in mass quantity by the Bank of England has reduced interest payments.

Annuity rates tables last updated on $QUOTEDATE$:

The tables below shows the best rates available from a panel of 13 of the leading annuity providers in the UK.

The following providers for annuity rates are included: Legal and General, MGM Advantage, Reliance Mutual, Partnership, LV=, Canada Life, Prudential, Standard Life, Aviva, Just Retirement, Scottish Widows, Friends Life and Hodge Lifetime.

Healthy Non-Smoker
Pension Fund £50,000
Age 55Age 60 Age 65 Age 70 Age 75
Level, no guaranteeN/AN/AN/AN/AN/A
Level 5 year guaranteeN/AN/AN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)

Healthy Smoker
Pension Fund £50,000
Age 55Age 60 Age 65 Age 70 Age 75
Level, no guaranteeN/AN/AN/AN/AN/A
Level 5 year guaranteeN/AN/AN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)

After A Heart Attack
Pension Fund £50,000
Age 55Age 60 Age 65 Age 70 Age 75
Level, no guaranteeN/AN/AN/AN/AN/A
Level 5 year guaranteeN/AN/AN/AN/AN/A
RPI Linked - no guaranteeN/AN/AN/AN/AN/A
RPI Linked - 5 year guaranteeN/AN/AN/AN/AN/A
Last Updated: $QUOTEDATE$ (Source: PayingTooMuch.com)

There is no substitute for a personal quote as there are many retirement options to choose from and you may need annuity advice to avoid making a wrong turn at retirement.