Annuity Calculator

Use this calculator to get an approximate value if you were able to sell your annuity today. This is only my best guess as no companies can exchange your annuity income for cash until April 2017.

Read about the plans to buy back annuities in 2017

The rates are gender neutral, i.e. the same rates for man and women. The rates also assume no medical conditions that may result in your payout being calculated using enhanced rates. When you buy an annuity you get a higher income if you have a medical condition, however when you sell your annuity you will get a smaller payout if you are in poor health.

Annuity income      
How much income do you get each year before tax?
Your age         
Partner's pension
Age of partner
Discount factor  
This is a pure guess at the moment but it seems sensible to assume a 20% to 25% discount on the amount it would cost to buy the same income today.