Principle First Annuity Calculator – know your income in retirement
Pension savers are very aware of how much they are saving for retirement, but less aware of what they stand to gain in return. With the Principle First annuity calculator, you can calculate your annuity income to give you a much clearer and more realistic view of what your retirement lifestyle may be.
Use the Principle First annuity calculator to check your future income! Ask us for an annuity quote , make an annuity enquiry, or ring 0800 678 5929 now.
Principle First will analyse your personal situation, taking into account the size of your pension pot, your health and gender, and your target retirement date, and calculate your annuity taking all issues into account. With a Principle First annuities adviser, you can also have all aspects of annuities explained to you. Whether arranging a guaranteed annuity that will pay out to your spouse after you die, or a deferred annuity for those who do not wish to take their pension income right away, the annuity calculator service will do the job for you.
As an independent financial adviser, we take a whole of market approach when calculating your annuity. Our annuity rates comparison will look at all the annuity products available on the market to find the best deal for you. An adviser at a high street lender or from your pension company, on the other hand, is a ‘tied’ adviser, who will calculate your annuity based only on the small range of products they sell.
When they use an annuities calculator, people are often surprised at how much they stand to gain from their pension pot. Annuities rates have fallen drastically, and are now half what they were 15 years ago. If we base the annuity income calculator on a typical 6% per year rate, this means that the average pension pot of around £50,000 will give you £3,000 to live on in retirement, which is not quite £60 per week. Availing of Principle First’s annuity calculator service can therefore be invaluable, in giving you a clear picture of how much your income will be.
There are various types of annuity available. When you use our annuities calculator service we can also inform you of the advantages of the various annuity types. Many retirees who are smokers or with certain health conditions could secure a higher income by obtaining an enhanced annuity, for example, while those with more serious illnesses may benefit from an impaired life annuity. By calculating your annuity based on either of these special product types, we may well be able to add up to £100 per month to your retirement income.
Find out your retirement income with the Principle First annuity calculator now! Ask us for an annuity quote , make an annuity enquiry , or ring on 0800 678 5929.
