Pensions
Annuity income estimator
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Shows how much annual income a pension pot might buy through a level annuity at a quoted rate — before you request open-market quotes.
Converts a pension pot into an illustrative level annuity income. Real quotes depend on age, health, postcode and provider — always use the open market before buying.
- Estimated annual income
- £14,500
- Estimated monthly income
- £1,208.33
- Income over 20 years (no investment risk)
- £290,000
| Pot annuitised | £250,000 |
|---|---|
| Quoted rate | 5.80% |
| Purchase age | 67 |
| Annual annuity income | £14,500 |
Compare with drawdown: pension drawdown calculator. Enhanced annuities pay more for qualifying health conditions.
How it works
- Enter pot size, purchase age and annuity rate (% of pot paid as income each year).
- Optional joint-life and escalating payment adjustments reduce the headline income.
- Compare the certain income with our drawdown calculator for flexibility trade-offs.
Common questions
- Can I change my mind after buying an annuity?
- Usually no after the 30-day cooling-off period. The decision is permanent for most products.
- What happens to the pot when I die?
- Single-life annuities often end on death unless you buy a guarantee period or value protection. Joint-life continues for a survivor.
- Is 5–7% a realistic rate?
- At ages 65–70 in 2026, level single-life quotes often fall in that range. Your quote depends on health and provider.