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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
November 2018 - 1.75%October 2018 - 1.75%
Age£  Age£
23, 24 or 2526 23, 24 or 2526
2626 2626
2726 2726
2827 2827
2927 2927
3027 3027
3127 3127
3228 3228
3328 3328
3428 3428
3529 3529
3629 3629
3729 3729
3830 3830
3930 3930
4030 4030
4131 4131
4231 4231
4332 4332
4432 4432
4533 4533
4633 4633
4734 4734
4835 4835
4935 4935
5036 5036
5137 5137
5237 5237
5338 5338
5439 5439
5540 5540
5641 5641
5741 5741
5842 5842
5944 5944
6045 6045
6146 6146
6247 6247
6348 6348
6450 6450
6551 6551
6653 6653
6755 6755
6857 6857
6959 6959
7061 7061
7163 7163
7266 7266
7369 7369
7472 7472
7575 7575
7679 7679
7783 7783
7888 7888
7994 7994
8099 8099
81106 81106
82113 82113
83121 83121
84129 84129
85 or over138 85 or over138

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