Rebased to 100 from January 1987
Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1999 | 163.4 | 163.7 | 164.1 | 165.2 | 165.6 | 165.6 | 165.1 | 165.5 | 166.2 | 166.5 | 166.7 | 167.3 |
2000 | 166.6 | 167.5 | 168.4 | 170.1 | 170.7 | 171.1 | 170.5 | 170.5 | 171.7 | 171.6 | 172.1 | 172.2 |
2001 | 171.1 | 172.0 | 172.2 | 173.1 | 174.2 | 174.4 | 173.3 | 174.0 | 174.6 | 174.3 | 173.6 | 173.4 |
2002 | 173.3 | 173.8 | 174.5 | 175.7 | 176.2 | 176.2 | 175.9 | 176.4 | 177.6 | 177.9 | 178.2 | 178.5 |
2003 | 178.4 | 179.3 | 179.9 | 181.2 | 181.5 | 181.3 | 181.3 | 181.6 | 182.5 | 182.6 | 182.7 | 183.5 |
2004 | 183.1 | 183.8 | 184.6 | 185.7 | 186.5 | 186.8 | 186.8 | 187.4 | 188.1 | 188.6 | 189.0 | 189.9 |
2005 | 188.9 | 189.6 | 190.5 | 191.6 | 192.0 | 192.2 | 192.2 | 192.6 | 193.1 | 193.3 | 193.6 | 194.1 |
2006 | 193.4 | 194.2 | 195.0 | 196.5 | 197.7 | 198.5 | 198.5 | 199.2 | 200.1 | 200.4 | 201.1 | 202.7 |
2007 | 201.6 | 203.1 | 204.4 | 205.4 | 206.2 | 207.3 | 206.1 | 207.3 | 208.0 | 208.9 | 209.7 | >210.9 |
2008 | 209.8 | 211.4 | 212.1 | 214.0 | 215.1 | 216.8 | 216.5 |
RPI increase over the last 12 months (to July 2008) = 5.0%
Source: Office for National Statistics
Rebased to 2000 = 100
Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1999 | 93.0 | 95.4 | 98.5 | 94.4 | 94.7 | 95.7 | 95.9 | 94.5 | 94.5 | 95.0 | 95.8 | 100.4 |
2000 | 99.0 | 100.8 | 103.9 | 98.5 | 98.4 | 99.2 | 99.4 | 98.5 | 98.3 | 98.7 | 99.7 | 105.6 |
2001 | 103.4 | 107.7 | 108.4 | 103.3 | 102.7 | 104.0 | 103.7 | 102.8 | 102.6 | 103.0 | 103.4 | 107.8 |
2002 | 106.4 | 110.8 | 111.6 | 107.2 | 106.5 | 107.8 | 107.6 | 106.3 | 106.3 | 107.3 | 108.1 | 111.3 |
2003 | 109.9 | 113.8 | 116.8 | 110.0 | 110.0 | 111.2 | 111.8 | 110.2 | 110.4 | 110.9 | 111.2 | 114.7 |
2004 | 118.2 | 118.1 | 122.2 | 115.0 | 114.8 | 116.1 | 115.4 | 114.8 | 114.9 | 115.7 | 116.2 | 119.5 |
2005 | 123.3 | 124.9 | 127.5 | 119.9 | 119.2 | 120.4 | 120.5 | 119.0 | 118.8 | 119.1 | 119.9 | 124.6 |
2006 | 127.1 | 131.8 | 133.1 | 124.1 | 124.5 | 126.4 | 123.5 | 123.5 | 123.7 | 123.9 | 124.6 | 129.4 |
2007 | 133.3 | 138.8 | 137.8 | 128.0 | 129.0 | 130.5 | 129.7 | 128.7 | 128.8 | 128.2 | 130.2 | 134.4 |
2007 |
138.4 | 144.4 | 144.1 | 132.5 | 133.0 | 134.9* |
Earnings increase over last 12 months (to June 2008) = 3.3*%
* provisional figure
Source: Office for National Statistics
£p.a. |
|
|---|---|
| Lifetime Allowance | 1,650,000 |
| Annual Allowance | 235,000 |
| Pension Schemes Earnings Cap (notional) | 117,600 |
| Low Earnings Threshold | 13,500 |
| Lower Earnings Limit | 4,680 |
| Upper Earnings Limit | 40,040 |
Income Tax |
|
| Basic Rate (22%) | First £34,800 of taxable income* |
| Higher Rate (40%) | Above £34,800* |
*As announced by the Chancellor on 13 May 2008, to be enacted under the Finance Bill 2008 |
|
Source: Government data, collated by Hewitt Associates
Returns are calculated over the previous 12 months, assuming all income is reinvested. All returns are calculated gross, except for UK Equities, which is calculated net.
UK |
Fixed Interest |
Index-linked |
Cash |
|
|---|---|---|---|---|
Aug 2007 |
11.84 | -1.69 | 2.55 | 5.54 |
Sep 2007 |
12.19 | -3.57 | 3.14 | 5.63 |
Oct 2007 |
13.62 | -4.18 | 2.02 | 5.76 |
Nov 2007 |
8.54 | -2.27 | 4.84 | 5.86 |
Dec 2007 |
5.32 | 2.67 | 8.45 | 5.95 |
Jan 2008 |
-3.57 | 5.35 | 11.96 | 5.97 |
Feb 2008 |
-2.66 | 2.41 | 9.79 | 5.99 |
Mar 2008 |
-7.74 | 5.06 | 13.10 | 6.02 |
Apr 2008 |
-4.31 | 4.34 | 11.89 | 6.04 |
May 2008 |
-7.12 | 4.46 | 13.48 | 6.03 |
Jun 2008 |
-13.03 | 5.97 | 16.07 | 6.06 |
Jul 2008 |
-13.28 | 4.83 | 12.59 | 6.04 |
Aug 2008 |
-8.70 | 5.61 | 15.32 | 5.96 |
Source: Hewitt Associates
Competitive compulsory purchase annuity rates as at 2 September 2008. All payments are monthly in arrears, without a guarantee period and with escalation and a spouses benefit of 100% on joint life as shown. Figures assume an annuity purchase price of £100,000 and are shown gross. Figures are for illustration purposes only and do not include enhanced rates for smokers or those in ill health, or companies that provide annuities only for a specific group of retirees. A company appearing top for one set of benefits or age may be poor for a different set; it is therefore imperative to shop around for an annuity based on your circumstances. Rates may change by the time of publication. Figures supplied by The Annuity Bureau, a division of Alexander Forbes Financial Services, FAS authorised and regulated.
Annuity supplier |
Ranking |
Income |
|---|---|---|
Norwich Union |
1 | £7,040.00 |
| Scottish Equitable | 3 | £7,018.80 |
Prudential |
5 | £6,944.16 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Canada Life | 1 | £4,972.68 |
| Prudential | 3 | £4,858.68 |
| Legal & General | 5 | £4,806.60 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Norwich Union | 1 | £7,770.00 |
| Legal & General | 3 | £7,744.32 |
| Canada Life | 5 | £7,728.72 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Canada Life | 1 | £5,744.52 |
| Prudential | 3 | £5,702.88 |
| Legal & General | 5 | £5,585.40 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Norwich Union | 1 | £6,750.00 |
| Scottish Equitable |
3 | £6,707.76 |
| Canada Life | 5 | £6,671.76 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Canada Life | 1 | £4,629.72 |
| Prudential | 3 | £4,607.52 |
| Legal & General | 5 | £4,542.84 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Norwich Union | 1 | £7,370.00 |
| Prudential | 3 | £7,357.08 |
| Canada Life | 5 | £7,267.20 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Norwich Union | 1 | £5,320.00 |
| Scottish Equitable | 3 | £5,289.24 |
| Legal & General | 5 | £5,239.80 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Canada Life | 1 | £6,505.44 |
| Legal and General | 3 | £6,489.96 |
| Prudential | 5 | £6,385.08 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Norwich Union | 1 | £7,090.00 |
| Legal and General | 3 | £7,081.68 |
| Prudential | 5 | £7,055.28 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Friends Provident | 1 | £4,252.80 |
| Canada Life | 3 | £4,037.16 |
| Norwich Union | 5 | £3,880.00 |
Annuity supplier |
Ranking |
Income |
|---|---|---|
| Friends Provident | 1 | £5,190.72 |
| Scottish Equitable | 3 | £4,547.04 |
| Norwich Union | 5 | £4,480.00 |
Tel: 0845 602 6263
Website: www.annuity-bureau.co.uk
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