Annuity Assumptions


The estimated annuity income modelled by this tool is based on the top rate from all quotes available from the whole market and obtained by FIL Retirement Services Limited (FRS).

The estimated annuity income is based on quotations using the following basis:

  • Single Life (there is no income provision for a spouse or partner after the death of the annuitant)
  • Level Income (the income amount will remain the same for the duration of the annuity; there are no inflationary increases)
  • 5 Year Guarantee (income payments are guaranteed to be paid for 5 years, even if you die during that time)
  • A non-smoker in good health
  • To be paid monthly, in arrears (like a salary)

Annuity rates as at 4th May 2020.