MINI CASE 1.1
Many people find the calculations tedious or complex and most companies offering annuities also offer calculators to see the effects of your proposed investment. An example is given here.
Annuity Rates Table-Standard
Last reviewed: 16 December 2011
The table below shows standard annuity rates are for a pension of £100000 after the tax free lump sum of £33333 has been taken. Rates for males and females are shown. These rates are based on a central London postcode and other areas in the UK, such as Peterborough or Liverpool could be up to 4 per cent higher or Dundee and Newcastle could be 5 per cent higher. Income is gross per year (before deduction of tax) and payable monthly in advance for the whole of the annuitant's life. No medical enhancements are included in these rates.
