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Pension Calculator - will your current pension provide maximum income for your retirement?

If you’re planning for retirement, it’s important to understand exactly how much income you can expect for your pension fund. Every year around 80% of retirees miss out on a higher income by failing to shop around for the best rates before buying an annuity.


The potential value of your pension is based on a variety of factors – including the type of annuity you purchase, inflation and even your health and lifestyle. That’s why there’s no universal rule for where to find the best rates – it all depends on your circumstances and priorities.

Our independent Pension Annuity Rates Calculator is designed to give you a rough estimate of what you could earn – helping you to set your expectations and find the best value quote from an annuity provider.

According to the Financial Conduct Authority (FCA) retirees throw away around £1 billion in pension income every year by failing to shop around before purchasing an annuity. When you use our annuity calculator, we’ll put you in touch with an unbiased annuities adviser who can explore the market and provide the best value annuity quotes tailored to your personal circumstances. This is a completely free service, and you are under no obligation to buy any of the quotes provided to you.

Calculate Your Pension Annuity Income Now

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At Compare Annuity we've helped:

102,203

people to boost their retirement income with a personal annuity comparison.

Our service is free, independent and there is no obligation to buy any quotes provided by our annuity specialists.


Benefits of speaking to a specialist

  • Personally tailored annuity comparisons
  • Unbiased, plain-English information about different annuity products available
  • Independent, whole-market retirement advice
  • No obligation to buy any quotes provided
  • Free initial consultation

About our service

At Compare Annuity we work with a network of carefully selected annuity specialists to offer free, no-obligation quotes based on a whole-of-market comparison service. Our quotes are tailored specifically to your needs, helping you to come to a more informed decision about how to manage your post-retirement income.

Our service is completely free, and there is no obligation to make a purchase on any of the quotes provided to you.

Claim your free guideline quote now

"I didn’t really know what I was looking for, but Compare Annuity explained it all in a really straightforward manner, making me feel much more comfortable about making a decision."


Martin is 64 and has a large pension fund. Providing for his family is a high priority, and he is aware that standard annuities are usually non-transferable, meaning his savings could be lost if anything happened to him.

After sharing his concerns with an Independent Advisor provided by Compare Annuity, he decides that a joint life annuity is the best option for him, as it allows him to ensure that a proportion of his annuity income can be drawn by his wife for the rest of her life if he predeceases her. His advisor then conducts a thorough market search, finding him a joint annuity package that allows his wife to withdraw 100% of his annual income at an attractive rate.

Martin Williams, London.

"How refreshing! A comparison website that does exactly what it says on the tin. The website was easy to follow, the information provided by the specialist was straightforward and I ended up finding a really great annuity quote!"


Laura is 60 and has been paying into an Aviva pension fund for thirty years. She has been happy with their service and assumed she would automatically purchase her annuity from them when the time came to retire.

After receiving her annuity pack after her sixtieth birthday, Laura decided to use Compare Annuity to find out how much her pension fund could be worth. After explaining her situation to an advisor, she finds that Prudential offer a more competitive rate for a standard annuity in her area, while Standard Life offer an attractive package for an escalating annuity, which reflects her concern about the possible rising cost of inflation.

Laura Dunn, Birmingham.


Why it’s always worthwhile to shop around

60% of retirees

Over half of all UK adults could qualify for enhanced annuity rates

£1bn lost annually

Amount thrown away every year as a result of people failing to shop around to find the best annuity rates.

1500 lifestyle & medical conditions

Approximate number of lifestyle and medical conditions that can be taken into consideration to secure a higher annuity rate.

2 out of 3 adults

Proportion of the adult population in the UK who have higher than recommended cholesterol levels. Source: NHS 2011

80% of retirees could get a better deal

4/5 of retirees who buy an annuity from their pension provider could get a better deal by shopping around.

21% quote increase

Average increase on their original quote enjoyed by retirees who take the time to shop around.

These figures are taken from the FCA’s tables, MGM Advantage, and Just Retirement, October 2012. The healthy non-smoker quote is an average rate. Figures are for a 65 year old male with a £100,000 pension fund. Level income, no guarantee period. The percentage extra shown alongside the health or lifestyle conditions can apply irrespective of the size of pension fund.


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