| Size of pot | Income | Income with full state pension added | Tax-free lump sum |
|---|---|---|---|
| £100,000 | £4,911 | £16,411 | £25,000 |
| £200,000 | £9,849 | £21,349 | £50,000 |
| £300,000 | £14,658 | £26,158 | £75,000 |
| £400,000 | £19,189 | £30,689 | £100,000 |
| £500,000 | £23,720 | £35,220 | £125,000 |
| £600,000 | £28,251 | £39,751 | £150,000 |
Source: Aviva | Assumptions: you take 25pc of your fund as a tax-free lump sum before buying your annuity, your income is fixed, paid monthly just to you and stops if you die, it will pay out for at least a year and you’re in good health