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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 % Increase Annual 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.