The following tables show the best income that can be use to buy a purchased life annuity from a lump sum of £100,000. The annuity is paid gross in arrears and does not include a guaranteed period for the income shown. It assumes the annuitant purchases the annuity for the ages from 65 to 85. A comparison has been made for a single life on a level annuity basis and 3% escalation.

Male single life Female single life   male 65 £6,870     male 70 £8,280     male 75 £9,700     male 80 £12,310     male 85 £16,060     female 65 £6,400     female 70 £7,600     female 75 £8,800     female 80 £10,210     female 85 £14,760   3% Escalation, Single Life Male single life Female single life   male 65 £4,700     male 70 £5,980     male 75 £7,270     male 80 £9,610     male 85 £12,870     female 65 £4,470     female 70 £5,490     female 75 £6,960     female 80 £9,360     female 85 £11,490   The above table is based on a limited number of annuity features and should be used as a guide only. It is important therefore that you shop around for annuities specific to your circumstances. Use the following for a free annuity quote.

It assumes £100,000 invested for a a level and 3% escalation basis for an individual aged from 65 to 80. The annuity is paid gross in arrears, does not include a guaranteed period for the income shown, based on a joint life annuity with 50% dependents income. No enhanced annuity rates are included, where the annuitant suffers from ill health, is a smoker or is overweight.

Male + Female spouse joint rates   male 65 and female 65 £6,470     male 70 and female 70 £7,660     male 75 and female 75 £8,860     male 80 and female 80 £11,270   3% Escalation, Joint Life Male + Female spouse joint rates   male 65 and female 65 £4,590     male 70 and female 70 £5,560     male 75 and female 75 £7,060     male 80 and female 80 £9,610   The above table is based on a limited number of annuity features and should be used as a guide only. It is important therefore that you shop around for annuities specific to your circumstances. Use the following for a free annuity quote.

The above table can be compared to the retirement income from pension annuities or see annuity rates. This is only important where the annuitant wants to maximse the income from a pension fund and must decide whether to commute the tax free lump sum and to invest in purchased life annuities, or use the money and take more pension income. A comparison of annuity taxation shows the best option for a basic rate taxpayer.