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| 20 November 2023 last updated |
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| Latest Gilt Yields Chart |
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| 15-year gilt yields - last 17 years |
| Based on figures for November 2023 |
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15-year gilt yields chart is at 4.51% on 20 November 2023
Find out more details:
Monthly analysis of annuities and gilt yields
Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities. The above chart shows yields at an all time low of 0.162% on 9 March 2020 after concerns over a no-deal Brexit, the US-China trade tensions and fear of recession due to the Coronavirus.
The 15-year gilt yields had reduced significantly since June 2008 due to the financial crisis and reached a record high of 5.13% on 23 October 2023 as interest rates are expected to be higher for longer. |
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As a general rule a 30 basis point rise in yields would increase annuities by 3.0% although the providers may take time to introduce these changes depending on their own strategies.
By 1 November 2023 yields were +5 basis points higher than the figures in July 2008 when they were 4.83%.
The 15-year gilt yields increased by +8 basis points to 4.88% during October 2023 with providers of standard annuities decreased rates by an average -2.98% for this month and rates may rise by +3.78% in the short term if yields remain at current levels.
For smoker and enhanced annuity providers have decreased their rates by an average of -1.81% and rates may rise by +2.61% in the short term if yields remain at current levels.
For the latest updates see Annuity Rates Review. |
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Annuity Rates Chart
Read the latest annuity rates review to find out if this is the best time to buy an annuity. |
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Annuity Rates Changes
Find out about the latest changes in annuity rates and if they are rising or falling. |
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| Single |
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55 |
£5,995 |
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60 |
£6,379 |
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65 |
£7,385 |
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70 |
£8,335 |
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| Joint |
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55 |
£5,799 |
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60 |
£6,136 |
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65 |
£6,807 |
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70 |
£7,677 |
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| £100,000 purchase, level and standard rates |
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