Annuity rates hit six month high

Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May

Jasmine Urquhart
clock • 4 min read
Annuity rates hit six month high

Annuity rates have risen to a six-month high after the Bank of England (BoE) raised the interest rate last month.

Annuity rates - the amount of retirement income received per year based on a lump sum - have risen after the BoE raised the interest rate to 4.5%. After headline inflation dropped to 8.7% in Apr...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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