4 Mr Johnson has just retired at 65 with a defined contribution pension pot 125,000. He is a smoker and has chosen not to drawdown anything from the pot. Mr Johnson is not concerned with inflation. From the following available annuities, what would be Mr Johnson's annual pension? (2 Marks) Age Level Rate Smoker Level Rate Smoker 3% Escalation 55 4,402 5,271 3,502 60 4,836 5,770 4,036 65 5,506 6,403 4,805 70 6,306 7,443 5,754 75 7,852 8,848 7,185 All annuities have been calculated on a pension pot of 100,000. Answer A B Annual Pension 6,003 6,006 6,883 D 8,004