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
October 2019 - 0.75% September 2019 - 1%
Age£  Age£
23, 24 or 2520 23, 24 or 2521
2620 2621
2720 2722
2820 2822
2921 2922
3021 3022
3121 3123
3222 3223
3322 3323
3422 3424
3523 3524
3623 3624
3723 3725
3824 3825
3924 3926
4025 4026
4125 4126
4225 4227
4326 4327
4426 4428
4527 4528
4627 4629
4728 4729
4829 4830
4929 4931
5030 5031
5131 5132
5231 5233
5332 5334
5433 5434
5534 5535
5635 5636
5736 5737
5837 5838
5938 5939
6039 6040
6140 6141
6241 6243
6342 6344
6444 6445
6545 6547
6647 6649
6749 6750
6851 6852
6953 6954
7055 7056
7157 7159
7260 7261
7362 7364
7465 7467
7569 7570
7673 7674
7777 7779
7882 7883
7987 7989
8093 8094
8199 81101
82106 82108
83114 83115
84122 84124
85 or over131 85 or over133