Best Buy Annuities Joint Life

Best Buy Joint Life Annuities

(What’s an annuity?)

Purchase price per £10k joint-life last survivor for a Man aged 65 and a Woman aged 60

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.

Provider Level without guarantee
Explain
Level guaranteed 5 years
Explain
Escalating 5% p.a. compound without guarantee
Explain
More Info
Saga £374.04 p.a £374.04 p.a £170.16 p.a Will I Get this Rate?
Legal & General £371.64 p.a £371.64 p.a £169.08 p.a Will I Get this Rate?
Hodge Lifetime 364.00 p.a £364.00 p.a - Will I Get this Rate?
Aviva £362.99 p.a £362.99 p.a £154.81 p.a Will I Get this Rate?
Retirement Advantage £342.80 p.a £342.80 p.a £165.64 p.a Will I Get this Rate?

Date created: Timestamp 2017-06-22 (YYYY-MM-DD)

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 liability.

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MoneyFacts

 

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.

 

Best Buy Annuity: MAN aged 65

Best Buy Annuity: WOMAN aged 65

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