how much a healthy 65-year-old could get for a single-life annuity with £100,000. how much a healthy 65-year-old could get for a joint-life annuity with £100,000 which rises by 3% each year. This is because pensions are partly funded by the interest earned when your money is invested, so youâll get less for your money when rates are low. Our lifetime annuities comparison is available to â¦ Fixed Annuity Rates & Fixed Index Annuity Rates. Current UK pension fund annuity rates are affected by the economy: gilt yields and interest rates impact 2020 rates for UK annuities. Remember, our annuity â¦ Find out about the latest changes in annuity rates and if they are rising or falling. They are usually shown as how much money you’ll get per year for every £100,000 you pay in. The rate can also be influenced by the age and health of your partner. You can use the calculator even if you don't have a pension with Aviva, although you do have to be a UK resident aged 55 to 74. Which? Living abroad after Brexit: is your UK pension secure? The renewed interest rate could be higher or lower than the initial fixed annuity rate. You get a fixed income for life or for a set number of years. The pension annuity rates chart is for July 2020 with income of £4,848 pa based on our benchmark example for 65 year, £100,000 fund on a single life, level and no guaranteed period. These tend to have the highest rates (not factoring in someone in poor health who could get an enhanced annuity) because annuity companies know they only have a set amount to pay out for the lifetime of one person. Enhanced annuities work on this basis and can secure you up to 30% more income. Annuities work like insurance – all the customers’ money is put into a pool and paid out until the term ends (when you die). Sagicor Life (A.M. Best: A-) has the highest 3 year rate of 2.50%. Financial Services Limited. But in recent months they have improved slightly, so that a £100,000 lump sum could buy an annuity paying a 65-year-old £5,084 a year for life. Annuity rates determine the amount of regular income you will get in return for your pension savings. Annuities are also partly funded by government bonds (known as gilts) which insurers buy. If your existing pension provider offers a Guaranteed Annuity Rate it will be hard to match â be sure to ask about this and then compare quotes. Rates have fallen sharply as a result of increased life expectancy and low interest rates. Which? Just enter your information once and weâll search the open market to see if we can find you a higher annuity rate than your current pension provider. For this reason, a 60-year-old will generally receive a lower income than a 70-year-old. 3. Minimum Purchase Payments. People who live longer get a bigger share, and people who die sooner get a smaller share. Prudential Fixed Annuity Specifications; Features. Which? Money Compare savings and Isa comparison tables. This is because pensions are partly funded by the interest earned when your money is invested, so you’ll get less for your money when rates are low. Fixed deferred annuities do have a guaranteed minimum interest rateâthe lowest rate the annuity â¦ This is called an annuity. Movement in gilt yields will impact the annuity rates on offer. Find out more in our guide to enhanced annuities.