Annuity income from a £300,000 pot — comfortable retirement territory.
What annuity income could a £300,000 pension pot provide? Model level, RPI-linked, and joint annuities with our UK calculator.
A £300,000 pension pot places you firmly in comfortable retirement territory. At illustrative rates, a single life level annuity at 65 might produce around £19,200-£21,000 per year — roughly £1,700 per month. Combined with the full state pension, total income reaches approximately £31,500, exceeding the PLSA comfortable standard of around £37,300 when you factor in the 25% tax-free lump sum of £75,000 providing additional spending power in early retirement. At this pot size, the case for partial annuitisation is strong: secure your essential expenditure with an annuity and keep the remainder in drawdown for discretionary spending. The tax position needs careful planning — annuity income plus state pension will push you into the 20% band, and potentially towards higher-rate tax if you have other income sources.