UKC

Just looking at Times money. In one article they try and help a bloke who earns 56,000 plan for his future and suggest that a projected 105,000 pension pot will buy him an annuity of 3,000 at age 60. In the best buys near the back they suggest that 100,000 will gain a 60 year old male 6,668 from the best provider. Can anyone enlighten me? Thanks.

In reply to Deek:

Can depend a lot on whether the pension is index-linked. a factor of 2 or so between indexed and not sounds about right...

In reply to Deek:
I've read a few examples of this, with most agreeing with the Consumer Association that £100,000 will buy a £5,200 to £7,000 per annim anuity depending on whether it is index linked, a percentage to go to spouse on death or if you are a smoker. Smoking or ill health will increase the payout (shorter life expectancy). Bolted climbing could have an adverse effect (longer life expectancy).