Average Pension Annuity Rates

Sustainable Income is Achievable

A personalised Guaranteed Income for Life (GIfL), provided by a pension annuity, offers a sustainable, competitive rate of retirement income, whilst removing the risk of running out of money.

Below are a range of example rates* (averaged between April to September 2023), for someone who is healthy, also a person with a lifestyle related condition and lastly, someone with a more severe medical condition.


  Healthy Respiratory Parkinson's
65 6.44% 7.07% 7.98%
70 7.18% 8.14% 9.00%
75 8.67% 10.36% 10.87%


When compared to cash and bonds, a GIfL can provide higher rates of income, and compared to equities, removes volatility and longevity risk, and delivers certainty.

If your client needs to draw an income from their retirement investment portfolio, and is concerned about sustainability, then a personalised GIfL could be the answer.

*Based on an individual with a fund value of £100,000. An annuity being payable monthly in advance, no dependant’s pension, no escalation, 10 year guarantee period, no value protection. Rates taken from Just, and cover April to September 2023.
Healthy Life – post code only.
Respiratory – COPD, diagnosed five years ago, lung function moderately impaired, hospitalised one year ago, takes one medication.
Parkinson's – diagnosed nine years ago, hospitalised one year ago, experiences falls, takes one medication, Activities of Daily Living (ADLs) affected.