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Robert’s Case Study- A Lifetime Annuity

Robert is 65, with a fund size of £100,000. He’s a fit and healthy accountant living in Doncaster, and his current annuity income is £3,899 per year. Let’s see what would happen if his circumstances were different. See how much extra income he may gain? *

Change in Circumstance% IncreaseAnnual Income
Robert is fit and healthy.0%£3899
If Robert drinks 54 units of alcohol per week.1%£3936
If Robert is overweight.11%£4323
If Robert smokes 10 cigarettes per day.13%£4404
If Robert both smokes and is overweight.22.5%£4782
If Robert smokes 10 cigarettes per day, is overweight, has Type 2 Diabetes and has Cancer.31%£5105

*Based on £100k and taking the 25% Tax Free Cash of £25,000. Not including any form of death benefit. Source: MyPensionExpert, 21/03/2017.