Estimate the guaranteed income an annuity could buy with your pension pot.
Most pensions let you take up to 25% as a tax-free lump sum, leaving the rest to buy the annuity.
Annuity options
Rates vary with age, health and gilt yields. Options shift the illustrative rate - always get a real quote before buying.
Estimated annual income
per month from a annuity
Years to get your money back
On a level basis it takes about years of income to recover the used - roughly age .
Illustration only. Real annuity quotes depend on the provider, your health and gilt yields.
From age onwards - where the blue line crosses the green line, you have received back what you paid in.
| Scenario | Annual income | Monthly | Tax-free cash | |
|---|---|---|---|---|
Annuity Calculator by TaxFly — free UK tax calculators