Annuity Calculator
Calculate the present value or future value of a series of equal payments. Essential for retirement planning, pension valuations, and loan analysis worldwide.
Annuities and Pensions Around the World
| Country | Product Type | Key Feature |
|---|---|---|
| 🇺🇸 United States | Fixed, Variable, Indexed annuities | Tax-deferred growth; no contribution limit |
| 🇬🇧 United Kingdom | Pension annuity / Drawdown | Pension freedoms (2015): flexible access at 55+ |
| 🇦🇺 Australia | Account-based pension | Minimum drawdown rates set by government |
| 🇨🇦 Canada | LIF / RRIF | Mandatory conversion from RRSP at age 71 |
| 🇩🇪 Germany | Riester / Rürup Rente | Government-subsidized; strict annuitization rules |
Frequently Asked Questions
What is an annuity?
An annuity is a series of equal payments made at regular intervals. It can refer to a financial product (an insurance contract that pays income) or simply a mathematical cash flow pattern. The present value of an annuity tells you how much a stream of future payments is worth today.
How do UK annuities differ from US annuities?
In the UK, pension freedoms since 2015 mean you no longer have to buy an annuity at retirement. UK annuity rates are regulated and vary by provider and age. US annuities come in many forms: fixed, variable, indexed, and immediate. UK annuity rates are typically lower than US rates due to different interest rate environments and life expectancy tables.
What is the difference between ordinary annuity and annuity due?
An ordinary annuity (most common) makes payments at the end of each period. An annuity due makes payments at the beginning of each period, making it worth slightly more — multiply the ordinary annuity value by (1 + r) to convert. Most mortgages and bond payments are ordinary annuities; rent and lease payments are typically annuities due.