rate_annuity: Get the latest annuity rates for the UK

In p0bs/p0bservations: Assorted Functions and Observations by P0bs

Get the latest annuity rates for the UK

Description

This function retrieves data on UK annuity rates from Sharing Pensions. Rates are available for different specifications and ages. See the website for further details. Please note that these are approximations, so do not rely on them for financial returns or planning.

Usage

rate_annuity(value_age, value_specifications)

Arguments

value_age

These are the choices for the age of the annuitant, namely: '55', '60', '65', '70' or '75'. The ensuing annuity rates imply that the annuity begins to be paid immediately and thereafter on a monthly basis.

value_specifications

These are the specifications available, varying by: whether the annuity is on a single basis or a joint basis (and, if so, whether the last remaining spouse receives half or all of the annuity); whether the annuity is guaranteed for ten years or not; and whether the payments will escalate at 3 single_simple single, level rate, no guarantee single_guaranteed single, level rate, guaranteed single_escalating single, escalating rate, no guarantee half_simple joint, half upon first death, level rate, no guarantee full_simple joint, all upon first death, level rate, no guarantee half_escalating joint, half upon first death, escalating rate, no guarantee

Source

<https://www.sharingpensions.co.uk/annuity_rates.htm>

Examples

## Not run: 
rate_annuity(value_age, value_specifications)

## End(Not run)

p0bs/p0bservations documentation built on Nov. 14, 2024, 5:09 a.m.