GAD rates.

These are a key part of calculating the maximum permitted annual Capped Drawdown pension income a member can draw and are set out in the Government Actuary’s Department (GAD) 2011 Drawdown Pension Tables, which were extended in February 2017. Gad rates are unisex rates.

Accurate calculations


The maximum annual Capped Drawdown pension income is determined with reference to the value of the member’s fund that is being used for Capped Drawdown (‘Capped Drawdown fund’), the member’s age and the relevant GAD rate.

The relevant GAD rate, which will depend on the UK medium/long dated gilt yield at that time, is used to calculate the amount of ‘basic pension’ that can be drawn for each £1,000 of the member’s Capped Drawdown fund. For example, if the GAD rate for a member is £53 per £1000 and their Capped Drawdown fund is £100,000, their basic pension would be £5,300 p.a. This is then uprated by 150% to give a maximum Capped Drawdown pension income of £7,950 p.a., which will need to be recalculated every three years up to age 75 and annually thereafter.

For more informaiton please view the Gov.UK website.

Government Actuary’s Department (GAD) table
July 2019 - 1% June 2019 - 1.25%
Age£  Age£
23, 24 or 2521 23, 24 or 2523
2621 2623
2722 2723
2822 2823
2922 2924
3022 3024
3123 3124
3223 3225
3323 3325
3424 3425
3524 3526
3624 3626
3725 3726
3825 3827
3926 3927
4026 4027
4126 4128
4227 4228
4327 4329
4428 4429
4528 4530
4629 4630
4729 4731
4830 4832
4931 4932
5031 5033
5132 5133
5233 5234
5334 5335
5434 5436
5535 5537
5636 5638
5737 5738
5838 5839
5939 5940
6040 6042
6141 6143
6243 6244
6344 6345
6445 6447
6547 6548
6649 6650
6750 6752
6852 6854
6954 6956
7056 7058
7159 7160
7261 7263
7364 7365
7467 7469
7570 7572
7674 7676
7779 7780
7883 7885
7989 7990
8094 8096
81101 81103
82108 82110
83115 83117
84124 84125
85 or over133 85 or over134