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Smoker Annuity Rates
Use the smoker pension annuity rates tables if you smoke more than ten cigarettes per day or 3 ounces of cigarette tobacco per week and have done so for the past ten years. You will qualify as a smoker so simply use the FREE quote service and receive higher Unisex annuity rates from the providers than the standard quote. Have a look at annuities or annuities explained for general annuity information.
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17 May 2026 last updated
These smoker pension annuity rates are adjusted for the Unisex rates on a gender neutral basis that applyed from 21 December 2012. It assumes a pension fund of £100,000 after the
tax free lump sum of £33,333 has been taken from the full fund of £133,333 for males, females and joint life basis are shown.
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Record Rise in Annuity Rates: |
The tables show percentage rise in pension annuity rates 'green box' compared to December 2021 with historically low levels. Effectively this is a payrise for pensioners taking benefits at retirement. The biggest monetary gain is for those aged 55 years, 50% joint life, level income with no guarantee up +79% and the monetary amount is £2,899 pa. The biggest percentage gain is for those aged 55 years with joint 50% and 3% escalation up +116% and the monetary amount is £2,543 pa. |
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| Single Smoker Annuity Rates |
| Age |
Level annuity rate
no guarantee |
Level rate +
10-year guarantee |
3% escalation
no guarantee |
| 55 |
£6,995 |
68% |
£6,874 |
65% |
£4,961 |
97% |
| 60 |
£7,358 |
58% |
£7,263 |
55% |
£5,407 |
80% |
| 65 |
£8,229 |
46% |
£8,040 |
46% |
£6,311 |
60% |
| 70 |
£9,090 |
36% |
£8,713 |
36% |
£7,273 |
47% |
| 75 |
£10,618 |
31% |
£9,753 |
30% |
£8,629 |
35% |
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| For annuity rates specific to your circumstances, ask for a quote today |
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| Joint Smoker Annuity Rates |
| Age |
Level annuity rate +
50% Joint Life |
Level annuity rate +
100% Joint Life |
3% escalation +
50% Joint Life |
| 55 |
£6,577 |
79% |
£6,228 |
85% |
£4,543 |
116% |
| 60 |
£6,930 |
65% |
£6,496 |
70% |
£4,964 |
91% |
| 65 |
£7,536 |
52% |
£6,895 |
56% |
£5,579 |
68% |
| 70 |
£8,180 |
43% |
£7,434 |
47% |
£6,308 |
54% |
| 75 |
£9,079 |
34% |
£8,293 |
40% |
£7,316 |
42% |
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| For annuity rates specific to your circumstances, ask for a quote today |
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| Table 2: Smoker pension annuity on a single and joint basis for 1 May 2026 |
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Annuity rate features:
The table shows the best open
market option pension annuity rates for smoker single annuitants based on:
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Purchase price of £100,000 - this assumes an original pension fund of £133,333 and after the
tax free lump sum of £33,333 has been taken; |
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Annuity rates are payable monthly in advance and show the gross income (before deduction of tax); |
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Level annuity rates pay the same income per month for the whole of the annuitants life; |
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Level annuity rates + 10-year guarantee pay the same income per month for the whole of the annuitants life and in the event of an early death, guaranteed to be payable to the estate for 10 years from the start of the pension annuity; |
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3% escalation annuity rates increase the monthly payments each year by 3% for the whole of the annuitants life; |
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Annuity rates are for single males or females from the ages of 55 to 75 years based on gender neutral pricing for Unisex rates. Joint life rates assume both are the same age. |
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No medical enhancements are included in these rates. |
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The annuity rates table is only a guide as rates
change frequently. Please request a free
annuity quote for an accurate income for your retirement annuity. |
At retirement you can use your pension to buy an annuity with the option to use an open market option to search for the highest smoker pension annuity. Once you have purchased an annuity it cannot be changed, so learn more about annuities, compare annuity rates and before making a decision at retirement, secure a personalised pension annuities quote offering guaranteed rates. |
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| Annuity Quotes |
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