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Pension Annuity £39000 sum Aged 64
philng
Posts: 835 Forumite
Where can I get possible Annuity Payment figures on this sum increasing by up to 5% inflation each year. Been quoted around £1300pa from my current scheme (Female).
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Comments
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There isn't an example that exactly fits your case, but you can get a sanity check by comparing to HL's best buy list:At 65 with 3% escalation you'd be looking at ~£2070 (at 60: £1760), or tracking RPI you'd get ~£1800 (at 60: £1480). This makes me think your quote of £1300 might be a bit low, unless the £39k includes the 25% TFLS and so you're only spending ~£30k on the annuity?N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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