Rising annual income

The table below shows what the annual income from the Longevity Income Plan could be for a 50-year-old male investing £25,000 in the 75-95 Plan.

The example assumes a 7% growth rate in the life fund per year and uses the prescribed FSA mortality table.

Annual payments could rise from around £6,800 per year to around £26,600 per year - potentially resulting in cumulative payments over 20 years of around £231,000. Figures are shown gross of tax and rounded to three significant figures.

Please note: the figures in the table below are only examples and are not guaranteed. They are not minimum or maximum amounts and you could get back more or less than this. Remember, the value of a fund can go down as well as up, and inflation would reduce what you could buy in the future with the amounts shown.

The Plan has another reassuring feature that we think is worth a mention: whatever happens, we'll pay back the original investment amount. So if Planholders die before receiving any payments or the full value of their original investment back in annual payments, we'll pay the difference to the Planholder's estate, assignees or trustees.