You are free to download and save the following calculator to use on your own computer but please note this is designed for use by professional advisers only and has not been approved for use with individual consumers.

Maximum GAD income

This calculator has been designed to help you calculate the maximum income that can be taken from a retirement fund using GAD rates.  It is updated each month to reflect the new GAD rate.  You can enter a rate of your choice and also an income frequency (annual, half-yearly, quarterly or monthly).  You can then print the output if required for your files.

The calculator has been built using Microsoft® Excel and you will need to 'Enable Macros' in order to use it. Microsoft Excel is a registered trademark of the Microsoft Corporation.

Download GAD calculator here »

(requires Microsoft® Excel 97 or later)
Last updated 01/09/10

Important notes:

This calculator is for use by professional advisers only.  It has not been designed for or approved for use with consumers.  Living Time has taken every care to ensure the calculator is accurate and virus-free, and it is based on our current understanding of GAD rates. However, Living Time Limited does not take responsiblilty for any errors or ommissions, nor do we accept responsibility for any losses howsoever caused as a result of using this calculator.

We will from time to time issue updates to this calculator.  A warning message will appear at the top of this spreadsheet to indicate that an update is available for download.  When this happens the updated version then becomes the most current version and any previous versions are considered obsolete.

This calculator is designed for information purposes only, it is not an illustration tool. For client specific illustrations, please contact the Living Time Adviser Services Team on 08450 588 500, or by e-mail on ifaoperations@living-time.co.uk.  IFAs registered for business with Living Time can also obtain illustrations online at www.living-time.co.uk or alternatively via the Exchange at www.exchange.co.uk. For more information and help on calculating the maximum income withdrawal on Unsecured Pension Funds you can download a useful PDF at HM Revenue & Customs' website:

http://www.hmrc.gov.uk/pensionschemes/gad-tables-instructions.pdf

Please note Living Time is not responsible for the content of Third Party websites.