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PensionCalculator.org has teamed up with financial professionals to provide you with access to the best annuity rates, expert advice on pension enquiries, pension release and other retirement issues.
Click the links below to begin the application process.
Annuity is simply an agreement to pay you a state sum per year until you die. It depends on your circumstances, how much you have paid into your pension and how old you are when you retire. In most cases this will be between 65 and 75, and it is compulsory to buy when you reach 75. It is becoming increasingly hard for companies to avoid the final salary pension scheme, which is the only exception to this.
At Pension Calculator, we have taken a look at all of the annuity plans across the market, and picked out the 5 best policies for you based on a purchase price of £10,000.
Although your pension provider may give you what you think is the best deal, you are strongly advised to shop around for your annuity and don’t miss out on better rates elsewhere.
See below for Pension annuities for 65 year old Males
| Pension Annuity 65yr old Male | |||
| Bank | Interest | Notes | Link |
| Hodge Lifetime | £641 | Based on a Purchase Price of £10,000 | info |
| Aviva | £623 | Based on a Purchase Price of £10,000 | info |
| Canada Life | £622 | Based on a Purchase Price of £10,000 | info |
| Saga | £632 | Based on a Purchase Price of £10,000 | info |
| Legal & General | £605 | Based on a Purchase Price of £10,000 | info |
The information shown is taken from Moneyfacts and correct as of Setptember 2011.
See below if you suffer from a medical condition for Enhanced Annuities for 65 year old Males:
| Enhanced Annuity 65yr old Male | |||
| Bank | Interest | Notes | Link |
| Partnership | £804 | Based on a Purchase Price of £10,000 | info |
| Just retirement | £764 | Based on a Purchase Price of £10,000 | info |
| Mgmadvantage | £757 | Based on a Purchase Price of £10,000 | info |
| LV= | £729 | Based on a Purchase Price of £10,000 | info |
| Reliance Mutual | £711 | Based on a Purchase Price of £10,000 | info |
The information shown is taken from Moneyfacts and correct as of September 2011.
See below for pension annuities for 65 year old females:
| Pension Annuity 65yr old Female | |||
| Bank | Interest | Notes | Link |
| SAGA | £609 | Based on a Purchase Price of £10,000 | info |
| Hodge Lifetime | £600 | Based on a Purchase Price of £10,000 | info |
| Legal & General | £601 | Based on a Purchase Price of £10,000 | info |
| Aviva | £587 | Based on a Purchase Price of £10,000 | info |
| Canada Life | £589 | Based on a Purchase Price of £10,000 | info |
The information shown is taken from Moneyfacts and correct as of September 2011.
See below if you suffer from a medical condition for enhanced annuities 65 year old females:
| Enhanced Annuity 65yr old Female | |||
| Bank | Interest | Notes | Link |
| Just retirement | £745 | Based on a Purchase Price of £10,000 | info |
| Partnership | £709 | Based on a Purchase Price of £10,000 | info |
| Mgmadvantage | £708 | Based on a Purchase Price of £10,000 | info |
| LV= | £688 | Based on a Purchase Price of £10,000 | info |
| Reliance mutual | £686 | Based on a Purchase Price of £10,000 | info |
The information shown is taken from Moneyfacts and correct as of September 2011.
Due to higher average life expectancies annuity rates have dropped but this is dependent on your needs and circumstances.
Annuity FAQ
