GAD Tables

mrsdoyle

Hi,I am trying to find the latest GAD tables used to calculate a personal pension Annuity figure.The latest I have found  is 2011,there must be a newer one than this,can anyone point me in the right direction? thanks.

Marcon

mrsdoyle said:

Hi,I am trying to find the latest GAD tables used to calculate a personal pension Annuity figure.The latest I have found  is 2011,there must be a newer one than this,can anyone point me in the right direction? thanks.

Try https://www.sharingpensions.co.uk/income_drawdown2.htm and scroll down to "GAD tables"

Linton

Is this for capped drawdown taken pre-2015?  If so the easiest way forward is perhaps to convert to flexi-access drawdown where there are no restrictions though it is your responsibility not to take too much drawdown so that you run out of money early. Capped drawdown is now obsolete and no longer available to new pensioners.


From a bit of research though limited personal knowledge...
I believe current GAD calculations use the post 2017 tables here: https://www.gov.uk/government/publications/drawdown-pension-tables

In recent months the GAD rate has increased significantly.  The latest (November 2022) GAD rate is given as 4.5% in https://ifamagazine.com/article/gad-rate-increase-creates-drawdown-advice-opportunity/ where a worked example appears to use the tables given above.  I cannot find where the GAD rate is officially published.