However, you may be eligible for extra income with an enhanced annuity on account of your medical history, current ailments or the lifestyle choices you have made. This gives you an indication of how much income you could expect from an annuity. UK providers are then compared in seconds and we show you the top results. We ask for essential information in our online annuity calculator. What other factors affect my annuity income? Your postcode, because living in certain postcode areas can qualify you for more income with an enhanced lifetime annuity. Your approximate retirement date – which could be the same as your State Pension age or any time after age 55. Your age - normally, the older you are, the larger your personal annuity rate The latest rates offered by annuity providers. ![]() In Retirement Line’s free annuities calculator, we use a few pieces of information to work out how much guaranteed retirement income you could expect from your pension savings with an annuity. Jump To Our Pension Annuity Calculators What are the main factors used in the annuity calculator? Our pension annuity calculator provides the UK’s latest annuity rates in real time, direct from top annuity providers including Aviva, Scottish Widows, Legal & General, Standard Life, Canada Life and Just. It’s a simple and straightforward way to get a personalised indication of how much income you could get from your pension with a lifetime or fixed-term annuity. You can compare annuity quotes from the UK’s leading annuity providers in seconds with our online annuity calculator. Of course, this means that you wouldn’t benefit from rising interest rates or stock markets, unlike some investment-based retirement solutions. You’ll have the peace of mind that your income won’t drop if interest rates or investment performance drop. Once it’s in place, the annuity will pay you an income that isn’t affected by interest rate changes or ups-and-downs of the stock market. When you buy an annuity, you turn your savings into regular income, either for life or for a fixed term of your choosing. ![]() Calculating tax on your lump sum allowance.īuying a pension annuity is an option if you have money saved in a ‘defined contribution’ personal pension or company pension scheme.What other factors affect my annuity income?.What are the main factors used in the annuity calculator?.
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