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Annuity Calculator
Our Annuity Calculator provides a helpful estimate of your potential retirement income with an annuity and our other guaranteed income products. Use our calculator to see how much you could get.
Planned maintenance
Please be aware that, due to planned maintenance, some services will be unavailable between 6pm Friday, 13 March until 8am Monday, 16 March. We apologise for any inconvenience this may cause.
What is an annuity calculator?
Our annuity calculator is a handy tool that will support you in gaining a better understanding of your guaranteed income options in retirement and how much you could expect to receive from your pension with an Annuity.
Benefits of our annuity calculator
- Quick indication of your possible annuity income
- Compare multiple retirement income products against each other
- Ability to toggle between how much you’d like to receive per year and how long you would like your payment period to be
How our calculator works
Annuity income results are available on our calculator for ages 55-85.
Once you enter your age and pension pot amount, we'll show:
- The amount you could take for your 25% tax-free lump sum
- The amount remaining in your pension pot after taking the lump sum
- An estimated annual income based on the amount left in your pension pot
As well as results for our annuity, which guarantees an income for life, you can see results for our Fixed Term Retirement Plan and Cash-Out Retirement Plans which offer incomes over a fixed term, in addition to our Pension Drawdown product and taking your pension as cash.
You can use the calculator to see the impact of different terms on your annual income.
Annuity Calculator
Our Pension Annuity Calculator helps you see how much income you could receive with a guaranteed income product. Don't include any final salary pensions or your state pension in your calculations.
How much annuity income does £100k buy?
A £100,000 annuity will give you a guaranteed income of around £5,265 a year, before tax, for the rest of your life, after you’ve taken your tax-free cash of £25,000. It might be that you’re looking for more money over a shorter period of time though. In that case, the best way of exploring the different amounts a £100,000 annuity could pay you every month is to use our annuity calculator. It’ll help you compare different types of annuity and see how buying a £100k annuity at different ages could affect the amount you’ll get.
Want to learn more about annuity rates? You can read our annuity rates article or watch our video to help answer some of your questions.
Taking out an annuity with L&G
Helping you explore your income choices and get personalised quotes.
Receive a guaranteed income with a Pension Annuity
You can read about our Pension Annuity to help you decide if it’s the right choice for you.
Ready to get an online annuity quote? It only takes about 15 minutes and you can save quote progress at anytime.
When you get a personalised pension annuity quote, we’ll tell you if anyone else offers higher rates. So, you’ll be able to compare a wide range of retirement income options and be sure you’re getting the best deal for you.
Watch our annuities explained videos
Want to learn more about annuities?
Watch our annuities explained video series and learn more about how annuities work, types of annuity and how to buy an annuity.
Annuity articles
How annuities work
Many people are looking for reliable ways of funding their later years. Perhaps you want to make sure the bills are covered for the foreseeable future. Maybe you’d like to fund those trips you’ve always dreamed of taking, or that hobby you’ve always loved so much. Or you might just want to top up your income when you switch to working part time.
Buying an annuity
Deciding that an annuity’s the right choice for you is only the beginning. You still need to look around, find the right one and then buy it. We’re going to give you some key pointers to help you do just that.
Annuity vs drawdown – what's the difference?
Many of us have spent the last few decades planning and carefully saving for the things that are important to us, whether that’s life’s luxuries, our mortgages and bills, or our plans for the future. As we get older we might have different priorities, but our financial planning for retirement should be just as important.
Need some help?
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy.
Retirement guidance
Pension Wise from MoneyHelper
The government’s free and impartial service, offering guidance to make money and pension choices clearer.
To find out more or book an appointment online click below or call.
0800 011 3737
Monday to Friday 9am to 5pm.
Calls may be recorded and monitored.
Speak to us
Our colleagues in Cardiff are always happy to answer your questions or help you apply for a quote.
0800 048 2446
Monday to Friday 9am to 5pm.
We may record and monitor calls.
Retirement advice
Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority , so you can trust them to provide impartial advice and a personal recommendation that’s right for you.
0800 009 4011
Monday to Friday 9am to 5pm.
We may record and monitor calls.
