The Annuity Comparison calculator will compare the different levels of annuity income payable each year depending on whether the income chosen is:
- – level, or
- – 3% increase, or
- – if single or joint life.
It is possible to have a spouses/ dependents pension of 50%, 66.67% or 100% of a member’s pension.
The member’s income could also be guaranteed for 0, 5 or 10 years.
The calculator shows the cumulative amount paid over a selected period of time.
Also on the input page, income amounts are shown in graph format and the ‘cross over’ point is also mentioned.
There is also a separate tab that shows the figures each year and the cumulative amount.
Annuity amounts to be input can be obtained from the money advice service website.