Henry would like to have an annual pension income of 28,000 per year, in addition to the state pension. He plans to retire at age 65. He has been quoted the following annuity rates: Sharingpensions.co.uk Age 6 September 2019 55 60 65 70 75 3804 4180 4864 5643 6686 3781 4143 4818 5545 6347 2163 2562 3268 4042 4955 Single life, level, no guarantee Single life, level, 10 year guarantee Single life, 3%, no guarantee Joint life 50%, level, no guarantee Joint life 100%, level, no guarantee Joint life 50%, 3% escalation, no guarantee 3478 3943 4474 5198 5977 3326 3671 4110 4749 5388 1986 2306 2910 3564 4438 How much would he need in his pension pot to buy a 50% annuity for himself and Anne, with no guarantees but 3% provision for inflation? Round your answer to the nearest pound; do not use pence. Answer: Henry would like to have an annual pension income of 28,000 per year, in addition to the state pension. He plans to retire at age 65. He has been quoted the following annuity rates: Sharingpensions.co.uk Age 6 September 2019 55 60 65 70 75 3804 4180 4864 5643 6686 3781 4143 4818 5545 6347 2163 2562 3268 4042 4955 Single life, level, no guarantee Single life, level, 10 year guarantee Single life, 3%, no guarantee Joint life 50%, level, no guarantee Joint life 100%, level, no guarantee Joint life 50%, 3% escalation, no guarantee 3478 3943 4474 5198 5977 3326 3671 4110 4749 5388 1986 2306 2910 3564 4438 How much would he need in his pension pot to buy a 50% annuity for himself and Anne, with no guarantees but 3% provision for inflation? Round your answer to the nearest pound; do not use pence