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
May 2019 - 1.50% April 2019 - 1.50%
Age£  Age£
23, 24 or 2524 23, 24 or 2524
2624 2624
2725 2725
2825 2825
2925 2925
3025 3025
3126 3126
3226 3226
3326 3326
3427 3427
3527 3527
3627 3627
3728 3728
3828 3828
3929 3929
4029 4029
4129 4129
4230 4230
4330 4330
4431 4431
4531 4531
4632 4632
4732 4732
4833 4833
4934 4934
5034 5034
5135 5135
5236 5236
5336 5336
5437 5437
5538 5538
5639 5639
5740 5740
5841 5841
5942 5942
6043 6043
6144 6144
6246 6246
6347 6347
6448 6448
6550 6550
6652 6652
6753 6753
6855 6855
6957 6957
7059 7059
7162 7162
7264 7264
7367 7367
7470 7470
7574 7574
7677 7677
7782 7782
7887 7887
7992 7992
8098 8098
81104 81104
82111 82111
83119 83119
84127 84127
85 or over136 85 or over136