Annuity Best Buy Tables
Joint Life Annuities.
Purchase price per £10k joint-life
last survivor For a man aged 60 and Woman aged 55
This information
shows the best rates for Joint
Life Annuities for Men aged 60 and Women aged 55
during the week ending 3 6 2007
These were the best buys in the UK at the time. However
they were not definitive in that they don't necessarily
show the annual percentage rate. this is the legally based
definition of a true cost of a financial product. The banks
and other commercial institutions use "headline interest
rates" to make their deals look better. Beware the
men in suits.
This annuity is taken out by a couple and works as follows: When the first person dies the income passes to the survivor. When that survivor dies the annuity ends.
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
Norwich Union
Minimum purchase price £10K |
£527.88 p.a |
£528.00 p.a |
£194.64 p.a |
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Canada Life
Minimum purchase price £10K |
£519.60 p.a |
£519.60 p.a |
£235.20 p.a |
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Legal & General
Minimum purchase price £10K |
£510.24 p.a |
£510.24 p.a |
£212.28 p.a |
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| AEGON Scottish Equitable |
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£503.16 p.a |
£219.60 p.a |
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| Standard Life |
£498.00 p.a |
£498.00 p.a |
£202.80 p.a |
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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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