This Annuity Calculator is free to use and you will not be asked to input any of your personal details. However, these quotes are based on a limited number of conditions so should be used for illustration purposes only and the quote you receive does not represent an offer. To get an accurate quote you should always seek professional advice from an independent expert.
STAGE 1: By inputting your date of birth and the size of your pension fund you will receive an immediate illustration of the potential annuity (annual income) you could receive. If possible, please input the exact amount in your pension fund rather than a rounded figure.
Upon receiving your quote, you might wonder why the range between the two figures is so significant. Simply put, it’s because there are several additional choices you will be asked to make when you actually apply for or buy your annuity.
STAGE 2: You can use our more detailed calculator to see whereabouts in the range from STAGE 1 your annuity income is more likely to fall, based on the main decisions you will be asked to make when you buy your annuity. The final figure you get will be somewhere between the two figures you received at STAGE 1.
Full explanations will be given as you progress through STAGE 2 but the main criteria are:
1. Whether you choose to take a TAX FREE LUMP SUM or not.
2. ESCALATION: Whether you wish to take a level annuity (which stays the same throughout its lifetime) or you require it to be index linked.
3. POLICY TYPE: If you require a joint or single policy.
4. GUARANTEED PAYMENT PERIOD: Whether you require a guaranteed period in the event of your death.
Although we have tried to keep our language as simple as possible, if you are having difficulty understanding the terminology, you can use our quick call back form to speak to an FCA (Financial Conduct Authority) qualified advisor instead.
STAGE 3: If you require a bespoke quote, please complete our short form at the end of the calculator process and an FCA qualified advisor will research the whole market for you. This is totally confidential and will involve a short telephone questionnaire.
Please note, every effort is made to keep the rates used for illustration up to date and accurate but we cannot be held responsible for changes in market conditions and rate changes.
Always seek independent advice when considering a financial product.
Using this site is totally free and your details will not be shared with any third party for any reasons other than for which you have specifically requested. AnnuityRates.co.uk is paid a fee if you choose to submit your details but this does not affect the annuity rate you will be offered. You do not have to take any advice given and you will not be charged a fee for the advice. If you do choose to progress with an application the advisor will make you aware of any charges or fees that they may receive from the annuity provider before you commit. You will also be offered a ‘cooling off’ period and this does not affect your rights under the jurisdiction of the FCA.