Get the latest annuity rates for the UK

This function retrieves data on UK annuity rates from Sharing Pensions. Rates are available for different specifications and ages. See the website for further details. Please note that these are approximations, so do not rely on them for financial returns or planning.

rate_annuity(value_age, value_specifications)

Source

<https://www.sharingpensions.co.uk/annuity_rates.htm>

Arguments

value_age

These are the choices for the age of the annuitant, namely: `55`, `60`, `65`, `70` or `75`. The ensuing annuity rates imply that the annuity begins to be paid immediately and thereafter on a monthly basis.

value_specifications

These are the specifications available, varying by: whether the annuity is on a single basis or a joint basis (and, if so, whether the last remaining spouse receives half or all of the annuity); whether the annuity is guaranteed for ten years or not; and whether the payments will escalate at 3

single_simple

single, level rate, no guarantee

single_guaranteed

single, level rate, guaranteed

single_escalating

single, escalating rate, no guarantee

half_simple

joint, half upon first death, level rate, no guarantee

full_simple

joint, all upon first death, level rate, no guarantee

half_escalating

joint, half upon first death, escalating rate, no guarantee

Examples

if (FALSE) {
rate_annuity(value_age, value_specifications)
}