Government Actuary's Department (GAD) Yield and Rates

When in Unsecured Pension, the uppermost level of annual income permissible is determined by reference to the value of the member's fund, their age at initial calculation and the Government Actuary's Department (GAD) tables.

The factors on the table determine the level of "basic pension" that can be drawn for each £1000 of member fund. Up to the age of 75 the basic pension is enhanced by 20% to give the maximum level of annual income.

The factors are reviewed monthly in line with the changes in UK medium/long dated gilt yields. The factors are set out below.

For those individuals who have attained age 75 and who have entered Alternatively Secured Pension, different rules apply, which can be explained on application.

Government Actuary’s Department (GAD) table
August - 3.75%September - 3.50%
Age	Males £	Females £	Age	Males £	Females £
50	49	47	50	47	45
51	50	48	51	48	46
52	50	48	52	49	47
53	51	49	53	49	47
54	52	50	54	50	48
55	53	51	55	51	49
56	54	51	56	52	50
57	55	52	57	53	51
58	56	53	58	54	51
59	57	54	59	56	52
60	59	55	60	57	54
61	60	56	61	58	55
62	61	58	62	60	56
63	63	59	63	61	57
64	65	60	64	63	58
65	67	62	65	65	60
66	69	63	66	67	61
67	71	65	67	69	63
68	73	66	68	71	65
69	75	68	69	74	67
70	78	70	70	76	69
71	81	73	71	79	71
72	84	75	72	82	73
73	88	78	73	86	76
74	91	80	74	90	79
75+	95	83	75+	94	82