Best Annuity Rates From The Whole of Market

Find the Best Purchased Life Annuity Rates

AnnuitySupermarket can find you the best purchased life annuity rates from the whole market using our unique purchased life annuity calculator. The purchased life annuity has to be purchased from your own money, it is a contract that provides an income from an investment of your own money.

Purchased life annuities are not bought from pension funds. A purchased life annuity can be very tax efficient especially for high rate tax payers.

Taxation Purchased Life Annuities

The taxation of purchased life annuities enables the payment to be divided into two parts, a capital element and an interest element on which tax is payable. To qualify the purchase life annuity has to be accepted by HMRC.

Purchased Life Annuity Calculator

Use our online purchased life annuity calculator which will help you find the best annuity rates from the whole of the market including Standard Life and Aviva. The calculator can also find the rates from every provider that offers purchase life annuities

Purchased Life Annuity Quotes, Charges and Prices

When you get purchased life annuity quotes you also need to consider the charges, prices and whether the annuity rates are value for money.

Why would I buy a purchased life annuity?

A purchased life annuity is useful if you need a regular income and have some money to invest. The best purchased life annuity rates can be found using an online annuity calculator. With a purchased life annuity you might want to:

  • top-up existing pension income;
  • pay for fees such as those for a retirement home;
  • get additional income until you receive your pension;
  • get a regular income until other investments mature;
  • provide income for a child or grandchild at college or university.

If you've a lump-sum to invest from a source such as:

  • a sale of a house or shares;
  • a tax-free lump sum from a pension fund;
  • your savings;
  • an inheritance;
  • an unexpected windfall;
  • a maturing life plan; or
  • a redundancy payment,
purchased life annuity rates

Do you qualify for Enhanced or Impaired Rates on your purchase life annuity?

If you can answer Yes to the following questions you may qualify for better annuity rates.

  • Do you smoke 10 cigarettes or more each day and have done continuously for 10 years or more?
  • Are you currently taking any medication?
  • Have you ever been hospitalised for any medical condition?