Free Online Annuity Calculator at WhoPaysMost.com

Online Annuity Calculator The Online Annuity Calculator Logo

Use the free Online Annuity Calculator and see how much retirement income you could receive from our panel of annuity providers.

The annuity calculator is designed to show you the highest income you may be able to get based on the limited data provided. It is not a personal illustration. If you do decide to contact us to obtain an accurate personal annuity illustration, none of the information that you have entered on the calculator would be transferred to us or used by us.

The annuity rates used are current annuity rates, retrieved live and in real-time from the providers every time you click 'Calculate'.

Hover your mouse over the symbol for more information

Slide the symbol across to choose your annuity options

Gender:

Date of Birth:

Postcode:

How much is in your Pension Fund(s)?

This is the total combined value of all of the pension funds that you would like to convert to an annuity.

Tax Free Cash:

You're usually able to take a tax free cash lump sum before you buy your annuity.

The tax free cash lump sum can usually be up to 25% of the value of your pension fund(s) and it can be used for whatever purpose you choose. The remainder of your fund is then used to buy an annuity and the income from this is taxable.

Remember though, by taking a tax free cash lump sum, you're reducing the total pension fund you have available to buy an annuity with the result that your annual annuity income will be lower.

How much tax free cash do you want? % £

Your annuity purchase amount is:

Dependant Income

If you're married, in a civil partnership, or have someone who is financially dependent on you, you can choose whether to have your retirement income paid to them after your death if you die first.

You can choose for the retirement income to continue at the full amount (100%) of the income you receive, or you can reduce it. The higher the percentage you choose, the lower your initial income will be.

Do you want to provide an income for a spouse or partner? %

Guarantee Period:

You can choose to guarantee that income payments are paid for a minimum of up to 10 years from the date you set up your annuity.
This means that if you die before the end of your chosen guarantee period, the income will continue to be paid to your estate or beneficiary for remainder of the chosen guarantee period. Of course, if you live longer than the chosen guarantee period, it doesn't affect your payments, which are guaranteed for life.

Would you like your payments guaranteed for a minimum period? yrs

Would you like your income to increase each year?

You can choose to combat the effects of inflation by opting for your income to increase each year - this is known as escalation.

No Increase (Level Income) - You can choose to have the same annual income for the rest of your life. This means that your starting income will be higher than if you chose a rising income, however the effects of inflation over time may reduce the real value of your income.

Fixed Increase - You can choose to have your annual income increase by a fixed percentage of up to 8.5% each year. This means that your starting income will be lower than if you choose to have a level income but inflation won't have as much of an effect on your income and you could receive more income overall across the life of your annuity.

RPI Increase - You can choose to have an annuity that moves in line with the Retail Price Index (RPI), which means it keeps track with inflation. This means that your starting income will be lower than if you choose to have a level income but your money will have the same buying power throughout your lifetime.

Do you smoke?

If you smoke at least 10 cigarettes per day, you could qualify for an enhanced annuity.

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¹ We do not charge you a fee because we are paid by your chosen annuity provider if you choose to proceed.

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