Enhanced Purchase Annuity for Smokers Best Buy Tables
(What’s an annuity?)
Purchase price per £100k for a WOMAN aged 65
Some annuity providers will pay more than usual, for people they assume won’t live as long. For example smokers and people with particular ailments
The figures below show what each £100,000 in your pension pot will buy you. So if you have £200,000 in your pension fund you can multiply the figures below by 2. This will demonstrate what your yearly pension payment would be.
|Age||Level without guarantee
|Level guaranteed 5 years
|Escalating 5% p.a. compound without guarantee
|55||£3,863||£3,838||£2,325||Will I Get this Rate?|
|60||£4,450||£4,409||£2,812||Will I Get this Rate?|
|65||£5,363||£5,253||£3,693||Will I Get this Rate?|
|70||£6,245||£6,026||£4,576||Will I Get this Rate?|
|75||£7,458||£6,831||£5,664||Will I Get this Rate?|
Date updated: Timestamp 2019-10-11 (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.
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 beneficiary dies ie the next of kin doesn’t get anything further.