Annuity Calculator

Our Pension Annuity Calculator helps you see how much income you could receive with a guaranteed income product. Don't include any final salary pensions or your state pension in your calculations.

 

I am years old and I have saved in my pension pots

Results

Total pension pot
£100,000
Tax-free cash 25%
£25,000
Remaining pension pot
£75,000

These examples give you an idea of the income our annuity and our other guaranteed income products might provide. They assume you take the maximum 25% tax-free cash sum available but you can choose to take less. The annual result is made up of 12 equal monthly payments. The results are examples only and aren't advice. The actual income you can get will depend on your individual circumstances.

Guaranteed income for the rest of your life

Pension Annuity

£3,096
a year
for the rest of your life
  • Can pay more if you have health conditions or lifestyle risks
  • Can keep paying out to a loved one after you die
  • Can’t be changed once the plan has started.

The figure above shows the gross income before any tax is deducted. We've assumed you're in perfect health, your postcode may impact any subsequent quote. For a personalised quote, click 'Quote and apply'.

Find out more Quote and apply

Guaranteed income for a set period and lump sum at the end

Fixed Term Retirement Plan

£7,116
a year for
select end lump sum of
  • Pays an annual income and final lump sum that you choose
  • Lets you make withdrawals from the lump sum or cash in the whole plan
  • Doesn’t pay more if you have health conditions or lifestyle risks

The figures above show the gross income and lump sum before any tax is deducted. You are able to change the term and lump sum selected above.

Find out more Quote and apply

Guaranteed income for a set period

Cash-Out Retirement Plan

£7,116
a year
for
  • Pays an annual income and final lump sum that you choose
  • Lets you cash in the whole plan
  • Doesn’t pay more if you have health conditions or lifestyle risks

The figure above shows the gross income before any tax is deducted. You are able to change the term selected above.

Find out more Quote and apply

Flexible income you can take when you want, it’s not guaranteed

Personal Pension Drawdown

Annual income
Investment return
  • You decide the amount of income and when it’s paid
  • The value of your pension can go up or down and you could get back less than you paid in
  • Income isn't guaranteed, you could run out of money

The 'Annual income' figure shows the amount before any tax has been deducted. You can change it using the drop-down – the more you take, the less time your money will last. You can see the effect of three different rates of return on the size of your pot by using the 'Investment return' drop-down.

Find out more Quote and apply

Take it all as cash

The total cash payment shown below includes the 25% tax-free amount

£67,968
Total cash payment after tax.
£42,969
Tax that will be due
  • Take whole pension pot in one go.
  • You could pay more tax than other options.
  • Money might not last as long as you need.

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Using our calculator to find out your annuity income

Annuity income results are available on our calculator for ages 55-85.

Once you enter your age and pension pot amount, we'll show:

The amount you could take for your 25% tax-free lump sum.

The amount remaining in your pension pot after taking the lump sum.

An estimated annual income based on the amount left in your pension pot.

As well as results for our annuity, which guarantees an income for life, you can also see results for our Fixed Term Retirement Plan and Cash-Out Retirement Plans. These offer incomes over a fixed term. You can use the calculator to see the impact of different terms on your annual income.