Compulsory Purchase Annuity: (What's an annuity?)
Purchase price per £10k for WOMEN
aged 60
The figures below show what each £10,000 in your pension pot will buy you. So if you have £100,000 in your pension fund you can multiply the figures below by 10. This will demonstrate what your yearly pension payment would be.
Codes Used
| Provider
|
|
|
Escalating
5% p.a. compound
without guarantee Explain
|
More
Info |
Norwich
Union
2 |
£570.24
p.a |
£568.68
p.a |
£242.04
p.a |
|
| |
|
|
|
|
| Legal
& General |
£565.08
p.a |
£564.48
p.a |
£259.32
p.a |
|
| |
|
|
|
|
Canada
Life
2 |
£563.40
p.a |
£562.68
p.a |
£281.04
p.a |
|
| |
|
|
|
|
Prudential
2 |
£552.14
p.a |
£550.77
p.a |
£276.24
p.a |
|
| |
|
|
|
|
| Scottish
Widows |
£550.80
p.a |
£549.00
p.a |
£255.60
p.a |
|
| |
|
|
|
|
Please note that while care has been taken to make sure the information displayed is correct, you must always confirm it yourself. Moneysorter Ltd cannot accept any liablity.
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Codes Used
2 = Minimum purchase price £10K
3 = With overlap for level guaranteed 5 years
4 = Minimum purchase price £1K
7 = Minimum purchase price is £5K
8 = Available to retiring manual construction workers. Do not pay commission to introducers.
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Level without guarantee
This means that the income payments provided remain constant throughout the beneficiaries life.
Level guaranteed 5 years
This means that the income payments remain the same each year. But if the beneficiary dies within five years they are guaranteed to be paid for a minimum of five years. Whatever is due would be paid over to the heirs of the recipient.
Escalating 5% p.a. without guarantee
The income payments increase each year by 5% - ie so as
not to lose value against inflation. However they stop being
paid if the beneficaiary dies ie the next of kin doesn't
get anything further.
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