Annuity Calculator
How much pension income could you get in retirement?
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Our quick calculator finds the best annuity rates
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Free, no obligation quotes
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Guaranteed income for the rest of your life
Size up your pension pot and explore your income options with our annuity calculator
How much income could you get?
Our annuity calculator gives up to date results based on today’s annuity rates. Let us know how much you have in your pension savings and we can tell you how much income that could buy you when you retire. The annuity calculator will also work out how much cash you can take from your savings tax-free.
Our calculator searches rates from all the available providers to get the highest income for you.
Looking for an annuity?
Our annuity calculator does all the hard work
Tell us a bit about you
Review your results
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The benefits of an annuity
An annuity can turn your pension savings into a guaranteed income, either for life or for a set number of years. So, if you're aged 55 or over (rising to 57 from April 2028 unless you hold a protected pension age), you can use part or all of your pension to buy an annuity.
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Guaranteed income with long-term securityYou’ll receive a steady, reliable income for life or for a chosen period. You won’t need to worry about economic disruption or stock market swings, helping ensure your money lasts as long as you need it. |
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Choice of payment optionsYou can tailor how your income is paid. This could be the same amount each year for the rest of your life, payments that increase at a fixed annual rate, or payments that rise in line with inflation (Retail Price Index). You might also be entitled to a higher income with an enhanced annuity if you’re in poorer health. |
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Options to protect your family and loved onesAnnuities can be used to provide a partner, child under 23, or other financial dependents with a regular income. They could also receive up to 100% of your guaranteed income if you pass away. |
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Shape your terms to suit your needsYou can choose how long your annuity lasts, anywhere from 1 to 30 years. Some providers include 90 days of value protection, meaning a lump sum payout could be made if you pass away within this time and no payments are going to a dependent. |
Once an annuity is in place, you cannot change or cash in the plan, so it’s important to choose options that are right for your individual circumstances.
READY TO PROCEED?
If you’ve decided you want to buy an annuity, here are some reasons to get in touch
- Personal. Right from the start you will have your own personal contact with us, with a direct contact number.
- Thorough. We’ll help shape your decisions by ensuring you understand the different types of annuity available so you can select what is best for you. We know what information the annuity providers need, so we’ll take time to gather this from you thoroughly.
- Peace of mind. We are strictly regulated by the Financial Conduct Authority. You’ll be in safe hands.
- Here to help. We’ll take you through the whole process with a helping hand, including setting-up your new plan and liaising with your pension providers.
- Tax-free cash. You have the option to take up to 25% of your pension as a tax-free lump sum when you’re first eligible to claim.
Best annuity quote guarantee
Get a £250 e-Gift card if we can't beat your quote
We shop around to get the best quote from the whole of the market to get the highest income for you.
We're offering a £250 e-Gift card if we can't match or beat a like-for-like lifetime annuity quote from another provider. You can choose from top brands such as M&S, John Lewis, Amazon and many more.
Advice & Guidance
Need help?
Call today for a commitment free chat with one of our advisers or to get an annuity quote
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Best annuity quote guarantee terms and conditions
We shop around to get the best quote from the whole of the market to get the highest income for you. If we can’t either match or beat an alternative annuity rate from elsewhere, we’ll send a £250 e-Gift card, subject to the following:
- We must be given the opportunity to provide a full quote over the phone to match or beat the alternative quote once only at the point of challenge. This offer excludes an alternative quote where there were errors, omissions or differences in medical information.
- This offer will not apply if you come back to us again with another quote after we have already provided a quote to you.
- This offer does not apply to quotes completed on any online quick quote annuity calculator.
- The comparison quote must be provided by UK regulated annuity provider.
- This applies to money purchase benefits only, excluding those with a guaranteed annuity rate, or underpinned by any form of defined benefit.
- This offer excludes pension contracts that include a Guaranteed Minimum Pension (GMP).
- You must have a minimum pension fund size of £30,000 after tax-free cash.
- The alternative lifetime annuity quote must be in the form of a guaranteed, fully underwritten annuity quote, including start date and frequency of payments. Evidence must be provided by sending a copy of the providers actual quote either by post or by email in the form of a scanned or electronic copy.
- The alternative annuity quote must be based on exactly the same annuity options and preferences as well medical and lifestyle details.
- A copy of all medical/lifestyle information must be provided to confirm quotations are on a “like-for-like” basis.
- The higher annuity quotation must be less than 5 days old at the point of challenge.
- The best annuity quote guarantee cannot be used in addition to any similar guarantees which are not available to the general public.
- This offer is provided by Liverpool Victoria Financial Advice Services Limited and is valid until 31st December 2026. We reserve the right to vary, withdraw or extend this offer at any time and without notice.
- In cases where the above conditions are met, and yet we still cannot match or beat a quote from another provider, we will send you an email with details of how you can claim your e-Gift card. By receiving this, you are in no way committed to using any of LV=s services. You will need a valid e-mail address.
- There will be a selection of e-Gift cards available to choose from using an online portal, each e-Gift card will be subject to their own terms and conditions and we reserve the right to amend the selection at any time.
- No cash alternative will be offered and the e-Gift card are non-refundable and non-transferable.