THIS HAS BEEN COPIED FROM HL: To help you get an idea of what an annuity pays, we compile the best annuity rates available for a £100,000 pension each week and month. Annuity rates change regularly, and quotes are only guaranteed for a limited time, so they could be higher or lower in the future.

The exact income you could receive will depend on the value of your pension, your personal details and the options you choose. Remember, your annuity income is taxable and you normally can't swap your pension for an annuity until age 55 (rising to 57 in 2028).

Make sure you confirm health and lifestyle details when you get a quote as you could be entitled to an enhanced annuity.

A single life annuity is a way to convert your pension savings into guaranteed income. When you pass away, the regular payments stop. However, you can add death benefits to provide a lump sum or income to a beneficiary.

These are the best rates for someone using £100,000 to buy a single life annuity paying a level income for life with no death benefits.

Annuity rates as at 1st August 2025. The current best single life annuity rate for a 65-year-old male is 7.91% from Legal & General, which is 0.01% lower than the best rate in July.

A joint life annuity also converts your pension savings into guaranteed income. However, when you pass away, it continues to pay your chosen beneficiary a regular income, either in full or a percentage of what you were receiving.

These are the best rates for someone using £100,000 to buy a joint life annuity paying a level income for life.

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Annuity rates as at 1st August 2025. The current best 50% joint life annuity rate for a 65-year-old male is 7.53% from Scottish Widows, which is 0.02% higher than the best rate in July.

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Annuity rates as at 1st August 2025. The current best 50% joint life annuity rate for a 65-year-old male is 7.53% from Scottish Widows, which is 0.02% higher than the best rate in July.

Annuity income from £100,000 used to buy an annuity at age 65: monthly comparison

Note: Annuity rates at or near the first day of each month.

The annuity rates in our tables and graphs are generated by our in-house system that gathers quotes in real time from the UK’s leading annuity providers. Figures based on conventional lifetime annuities, with level payments set to monthly in arrears. Single life examples are for males with postcode PE7 8JG; joint life examples based on first life being male, and the beneficiary being a female of the same age.