Annuity Calculator
Our Annuity and Retirement Income Calculator is quick and easy to use. It provides a helpful estimate of your guaranteed income you’ll get each year with a pension annuity and our other guaranteed income products.
Use our calculator to see how much you could get, it takes as little as 30 seconds.
What is an annuity calculator?
Our annuity calculator is a handy tool that will support you in gaining a better understanding of your retirement income options and how much you could expect to receive from your pension with a Pension Annuity.
Benefits of our annuity calculator
- Quick indication of your possible annuity income
- Compare multiple retirement income products against each other
- Ability to toggle between how much you’d like to receive per year and how long you would like your payment period to be.
Annuity Calculator
In less than 30 seconds our Annuity Calculator helps you see how much income you could receive with a guaranteed income product. Don't include any final salary pensions or your state pension in your calculations.
Common annuity questions
'Pension' could be used to refer either to the amount that you have saved in your pension pot through private or workplace pensions, or to the state pension, which is paid by the Government.
A pension annuity is a product that you can buy with your pension pot, which guarantees to pay you an income for the rest of your life.
Guidance helps you to identify and narrow down your choices in an impartial way. It won’t tell you what’s right for you but will explain your options and provide information so that you can choose what you want to do.
Advice considers your personal and financial circumstances and recommends specific products or actions to be taken that helps you achieve your goals.
There are lots of different types of annuity to choose from. And some have benefit options available too. You can learn more in our ‘Types of annuity’ article.
We only sell lifetime and enhanced annuities.
An enhanced annuity is an increased income that you could get, if you have any medical conditions or lifestyle risks. You'll need to answer some medical and lifestyle questions to see if this applies to you. You can learn more in our enhanced annuities article.
If you apply for a Pension Annuity, you have 30 days from the date you receive our confirmation that your annuity has started to change your mind. If you do not take this opportunity to cancel, your annuity will continue for the rest of your life.
There are options you can choose when buying an annuity that guarantees some money goes to your loved ones when you die. You can learn more in our article 'What happens to annuities when you die?'.
From 1 June 2022, the Financial Conduct Authority now requires pensions providers to refer customers to Pension Wise guidance and explain the nature and purpose of this guidance, when they decide to access their pension savings.
Pension Wise from MoneyHelper is a free and impartial Government pension guidance service.
Your decision about which options to choose is likely to be influenced by many factors, such as how much income or cash you need now and in the future. You should also consider your personal circumstances and the impact that your choices may have on taxation, State Benefits, Annual Allowances and any dependants.
Taking out an annuity with Legal & General
Used our annuity calculator and ready to think through your income choices?
Receive a guaranteed income with a Pension Annuity
You've seen from our calculator the different guaranteed income products we offer.
To learn more about our annuity, visit our Annuity page. It shares more information about how they work and helps you decide if it’s the right choice for you.
When you get a quote, we’ll tell you if anyone else offers higher rates. So, you’ll be able to compare a wide range of retirement income options and be sure you’re getting the best deal for you.
Our annuity calculator would have also given you an insight into what you might receive with other retirement income products: Fixed Term and Cash-Out Retirement Plans, or Pension Drawdown. You can visit those product’s pages too for more information.
Need some help?
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy:
Retirement guidance
Pension Wise from MoneyHelper
The government’s free and impartial service, offering guidance to make money and pension choices clearer for over 50s.
To find out more or book an appointment online click below or call.
0800 011 3797
Monday to Friday 9am to 5pm.
Calls may be recorded and monitored.
Retirement advice
Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.
0808 304 9155
Monday to Friday 9am and 5pm.
Calls may be monitored and recorded.
Speak with us
Our colleagues in Cardiff are always happy to answer your questions.
0800 048 2446
Monday to Friday 9am to 5pm.
Calls may be monitored and recorded.