Annuity income with £30k, £100k, and £300k pension pots
Planning for retirement can often mean deciding how you want your pensions savings to support you for the rest of your life. For some that might be an annuity, which is a reliable way of turning your pension pot into guaranteed income.
Key points
- Annuities can provide a guaranteed income for life, and you can tailor them with options like single‑life or joint‑life cover depending on your needs.
- The income you receive from an annuity depends on several factors, including your age, health, interest rates, and the type of annuity you choose.
What is an annuity?
An annuity is a form of retirement income that you purchase with your pension pot.
You can choose between a few different options when it comes to an annuity, like whether you want it as a single or joint life annuity. A single life pays you for just that, your life. Whereas a joint life will pay you for your life and then will also pay a chosen percentage to your named beneficiary or dependent. This might be your spouse or could be a dependent.
To find out more about what an annuity is and how it works, check out our article.
How much income can you get from an annuity?
How much income you can get from an annuity depends on a few factors, such as:
- your age.
- the current interest rates.
- your health.
- what type of annuity you’re choosing.
Estimated annuity incomes for different pension pots
To give you a sense of what an annuity could pay, here’s how annual income can vary depending on the amount of your pension pot:
| Pension pot size | Annual annuity income |
| £10,000 | £630.60 |
| £30,000 | £1,975.50 |
| £50,000 | £3,404.55 |
| £100,000 | £7,149.19 |
| £300,000 | £20,834.85 |
| £500,000 | £33,804.39 |
| £700,000 | £47,510.68 |
All of these numbers are based on annuity rates from February 2026, and based on the following assumptions:
- Age 65
- Married
- Single life annuity
- Non-smoker
- 5-year guarantee period
- Level – no escalation
Comparing annuity quotes across providers
Annuity rates can vary from provider to provider, so it is worth shopping around to make sure you’re getting the best quote you can.
Using online annuity calculators, can help you get an idea of what you could get from one versus other providers. However, it is worth noting that a lot of these calculators will base quotes on assumptions, rather than taking into considerations aspects like your health or lifestyle.
If you're looking to get a estimate from us, check our our annuity calculator.
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