Advertorial feature

How much could your pension pay?

At retirement, squeezing maximum income from your pension is vital. Current annuity rates are low, making it more important than ever to shop around. In May 2013, Hargreaves Lansdown clients boosted their annuity income by 33.1 per cent* on average. 

The following best-buy annuity rate tables show you a snapshot of some of the best UK annuity rates currently available from leading providers such as Legal and General, Prudential and Aviva, plus many more. Annuity quotes are only guaranteed for a short time - the rate table is updated weekly, so they may have changed since our last update**).

To get an up-to-date personal annuity quote you can use Hargreaves Lansdown’s online annuity calculator. Getting a quote using your personal information is vital in any case as it could boost your income by as much as 40 per cent - even factors such as your health or postcode can increase your annuity.

The annuities shown in this table are paid monthly in advance, based on a purchase price of £100,000, using an average postcode and assuming good health.

Why is postcode important?

In recent years, your postcode has become an important factor in setting annuity rates so it's important you use your real postcode - it could mean a 10 per cent difference. Like car insurance, annuity providers now base their quotes on where you live.

Why is health important? 

An enhanced annuity will pay more income in retirement by taking your health and lifestyle into account. Unlike other insurance company products where having a medical condition could put up the price, with an annuity having health conditions could increase your income.

It is estimated 60 to 70 per cent of over-55s could be eligible for an enhanced annuity, according to research from Just Retirement and MGM Advantage.

You do not need to be seriously ill to qualify for enhanced annuity rates. Being overweight, consuming alcohol, having raised blood pressure or cholesterol and smoking can all mean a higher rate. More serious conditions such as heart disease or cancer can qualify for higher enhancements. You may also qualify if you have been given the all clear from a condition you have had in the past.

Get your FREE annuity quote »

* Based on the difference between the top and bottom quote obtained by clients using HL online enhanced annuity comparison service from 24 May to 24 June 2013 (1,688 sets of open market option results analysed). The actual enhancements will depend on health, lifestyle, and existing provider’s quotation.

**Latest tables are available via the annuity rates section of the Hargreaves Lansdown website.

Annuity rates can change regularly and may go up or down in the future. Once set up, an annuity cannot normally be changed or cancelled, so it is important to consider all your options carefully. This information and Hargreaves Lansdown services are not advice. If you are unsure of the suitability of any investment for your circumstances please seek advice.

Independent Partners: 10 top tips for retirement. Get your free guide here

Voices
There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
charity appealTime is running out to secure your favourite lot as our auction closes at 2pm today
News
File: James Woods attends the 52nd New York Film Festival at Walter Reade Theater on September 27, 2014
peopleActor was tweeting in wake of NYPD police shooting
Sport
Martin Skrtel heads in the dramatic equaliser
SPORTLiverpool vs Arsenal match report: Bandaged Martin Skrtel heads home in the 97th-minute
News
Billie Whitelaw was best known for her close collaboration with playwright Samuel Beckett, here performing in a Beckett Trilogy at The Riverside Studios, Hammersmith
people'Omen' star was best known for stage work with Samuel Beckett
PROMOTED VIDEO
Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Carlton Senior Appointments: Private Banking Manager - Intl Bank - Los Angeles

    $200 - $350 per annum: Carlton Senior Appointments: Managing Producer – Office...

    Carlton Senior Appointments: San Fran - Investment Advisor – Ind Advisory Firm

    $125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...

    Sheridan Maine: Commercial Finance Manager

    Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

    Sheridan Maine: Regulatory Reporting Accountant

    Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

    Day In a Page

    Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

    Clocks, rifles, swords, frogmen’s uniforms

    Surrounded by high-rise flats is a little house filled with Lebanon’s history
    Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

    Four months after the bombardment, Gaza’s wounds are yet to heal

    Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
    Gastric surgery: Is it really the answer to the UK's obesity epidemic?

    Is gastric surgery really the answer to the UK's obesity epidemic?

    Critics argue that it’s crazy to operate on healthy people just to stop them eating
    Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

    Homeless Veterans appeal: Christmas charity auction

    Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
    Pantomime rings the changes to welcome autistic theatre-goers

    Autism-friendly theatre

    Pantomime leads the pack in quest to welcome all
    The week Hollywood got scared and had to grow up a bit

    The week Hollywood got scared and had to grow up a bit

    Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
    From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

    Panto dames: before and after

    From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
    Thirties murder mystery novel is surprise runaway Christmas hit

    Thirties murder mystery novel is surprise runaway Christmas hit

    Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
    Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

    Anne-Marie Huby: 'Charities deserve the best'

    Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
    The botanist who hunts for giant trees at Kew Gardens

    The man who hunts giants

    A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
    The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

    The 12 ways of Christmas

    We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
    Birdwatching men have a lot in common with their feathered friends, new study shows

    The male exhibits strange behaviour

    A new study shows that birdwatching men have a lot in common with their feathered friends...
    Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

    Famous diaries: Christmas week in history

    Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
    From noble to narky, the fall of the open letter

    From noble to narky, the fall of the open letter

    The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
    A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

    A Christmas ghost story by Alison Moore

    The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'