What's an annuity calculator?
Our annuity calculator is a simple online tool to give you an idea how much guaranteed income you could receive from our pension annuity.
Armed with this information you'll be better equipped to make an informed decision about your future.
Just enter some basic information into the calculator to view an estimate of how much your life-long income could be with us.
The benefits of our annuity calculator
It only takes a minute 
Just tell us your age, your postcode, and any pension funds you have. That’s all our calculator needs to get its gears whirring.
Anonymous and secure 
We keep your data secure and you don't even need to give us your name.
Help for your next steps 
Give us a shout and our annuity experts can answer all your questions and guide you through the next steps.
Things to know
What our calculator does, and what you need to bear in mind.
- A guide, not a guarantee
Our annuity calculator is here to give you an idea of how much your income could be. It’s not a guaranteed quote and it’s not personalised advice. It’s to help you decide whether a pension annuity aligns with your retirement goals – if it does, get in touch and speak with one of our annuity experts. - Pensions from any provider
Our annuity calculator can give you an estimate so long as you have at least one pension. Your pension, or pensions, can be with any provider, but our calculator can’t include defined benefit pensions.
- How our calculator does it's sums
Our calculator uses a set of assumptions. If you decide to buy a pension annuity and personalise it, some of these assumptions might not apply to you. - Our calculator works by assuming
- you’ll take 25% of your pension fund as a tax-free lump sum before buying your annuity
- the policy will be set up to pay an income to you alone and won't pay an income to anyone else after you die
- your income will be paid monthly and is set at a fixed amount
- no matter what happens, your annuity will be guaranteed to pay out for a minimum of one year
- you’re in good health
- Please note, the income you get from an annuity counts towards your taxable income. Annuity rates may vary - find out more about annuity rates.
Annuity calculator
Using money from your pension to buy a fixed income for life is an option to help plan the retirement you're looking for. But how much income could an annuity provide?
To help you get an idea of the amount you might receive, just answer the questions below.
Your annuity calculator results
Your results are below. Please remember that this is just a rough estimate of the income you could receive. We'll be happy to provide a more accurate quote if you give us a call.
You could receive a tax-free lump sum of up to£0
And a yearly income of around£0
Get in touch 
Have a chat with one of our annuity experts, so they can provide a quote tailored to your personal circumstances. They'll also be able to answer any questions and let you know if you may be able to receive more income from another pension provider.
Call us
0800 096 5106
Monday to Friday: 9:00am - 5:00pm
Lines are closed on weekends and bank holidays
Get in touch
Have a chat with one of our annuity experts, so they can provide a quote tailored to your personal circumstances. They'll also be able to answer any questions and let you know if you may be able to receive more income from another pension provider.
Call us
0800 051 4003
Monday to Friday: 9:00am - 5:00pm
Lines are closed on weekends and bank holidays
Compare your retirement options
Retirement goals are personal and specific to each person – which is why there’s lot of choice on the pension menu. We’ve put together a table that compares four of the most common retirement options. Take a look and see what best fits your retirement needs and wants.
| Pension annuity | Flexible income (drawdown) | Take it all in cash | Leave it where it is | |
|---|---|---|---|---|
| Can your money run out? | Not included | Included | Included | N/A |
| Can you set up regular payments? | Included | Included | Not included | N/A |
| Will it provide a guaranteed income for life? | Included | Not included | Not included | N/A |
| Can you vary how much income you take? | Not included | Included | N/A | N/A |
| Can you change your options later and use your pension differently? | Not included | Included | Not included | Included |
Learn about our pension annuity
We have a wide range of simple guides that can answer your questions and help you get to grips with our pension annuity.
Investment
How our annuities help power windfarms
Find out how your annuity premiums could be invested to help power wind farms, create social housing and more.
-
Things to consider
Level vs escalating annuity
Level annuities pay a higher initial income, but escalating annuities can protect the purchasing power of your income against inflation.
-
Getting started
Annuity glossary - explaining the jargon
The language of annuities can be confusing, so here's a simple guide to some of the key terms.
-
Things to consider
How does annuity value protection work?
Annuity value protection allows you to add death benefits when you go to purchase your annuity.
Pension calculator
See what your pension could be worth in retirement.
Inflation calculator
Learn how inflation could impact your investments.