The Annuity Comparison calculator will compare the different levels of annuity income payable each year depending in whether income chosen is:

• – level, or
• – 3% increasing, or
• – if single or joint life.

It is possible to have a spouses/ dependants pension of 50%, 66.67% or 100% of member’s pension.

The member’s income could also be guaranteed for 0, 5 or 10 years.

Output

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 moneyadviceservice website.