Annuity rates have reached an 18 year high in July, with the average rate for a healthy 65-year-old reaching 7.75%, according to the Standard Life Annuity Rate Tracker.
This is up from 7.66% in April, meaning a healthy 65-year-old with a £100,000 pension pot could now expect an annual income of up to £7,750, compared to £7,660 in April 2026. This could translate to an additional £2,060 over the course of retirement, Standard Life highlighted. Source: Standard Life According to the tracker, a healthy 65-year-old male who bought an annuity in July 2026 at a rate of 7.75% could expect a total lifetime income of £156,000. For a female of the same age, the expected income was £177,000. Meanwhile, a healthy 70-year-old who bought an annuity du...
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