# The Savings Bank Annuities (Tables) Order 1954

S.I. 1954/1578 · made 25 November 1954

Under the Government Annuities Act, 1929 , Part II, the National Debt Commissioners may grant Immediate Life Annuities which are sold through the Post Office Savings Bank and Trustee Savings Banks and are known as Savings Bank annuities. The Act empowers the Treasury to approve tables for calculating the amounts of these annuities, framed in such a manner that the Exchequer suffers no loss.

PDFs: Printed copy https://openlegislation.uk/savings-bank-annuities-tables-order-1954/pdf/uksi_19541578_en.pdf

## Introductory text

GOVERNMENT ANNUITIES
Made 25th November 1954
Laid before Parliament 30th November 1954
Whereas by subsection (1) of section 53 of the Government Annuities Act, 1929 , it is enacted that the Treasury may from time to time cause tables to be constructed for calculating the amounts of savings bank annuities;
And Whereas by subsection (2) of the said section 53 it is enacted that every such table when approved by the Treasury shall, together with a statement of the rules observed in constructing it, be laid before both Houses of Parliament for not less than thirty days, and if an address is presented to Her Majesty by either House of Parliament praying that such table may be cancelled, the table shall be cancelled without prejudice to the framing of another table in lieu of the table so cancelled;
And Whereas by subsection (3) of the said section 53 it is enacted that after the expiration of the said thirty days, the Treasury may cause the table, if not so cancelled, to be published in the London Gazette, and the table shall come into operation on the day on which it is so published or such later day as may be fixed by the Treasury:
Now the Treasury, in pursuance of the said section 53, and of all other powers enabling them in that behalf, hereby make the following Order:—

## 1 

The tables for calculating the amounts of immediate savings bank annuities shall be the tables set out in the Second Schedule to this Order, being tables constructed in accordance with the rules set out in the First Schedule to this Order.

## 2 

The Tables, dated the 12th day of May, 1934, approved by the Treasury for the Grant of Immediate Life Annuities are revoked on the coming into operation of this Order.

## 3 

(1) This Order may be cited as the Savings Bank Annuities (Tables) Order, 1954.
(2) The Interpretation Act, 1889, shall apply to the interpretation of this Order as it applies to the interpretation of an Act of Parliament.

## 4 

This Order shall come into force on the day on which the tables set out in the Second Schedule to this Order are published in the London Gazette.

## Signature

Edward Heath
R. H. M. Thompson
Two of the Lords Commissioners of Her Majesty's Treasury
Dated this twenty-fifth day of November, nineteen hundred and fifty-four

## Schedule FIRST STATEMENT OF THE RULES OBSERVED IN THE CONSTRUCTION OF THE TABLES FOR THE GRANT OF LIFE ANNUITIES UNDER THE PROVISIONS OF THE GOVERNMENT ANNUITIES ACT, 1929. PART II

The Tables are based on an investigation into the mortality of Government Annuitants which is described in detail in a report to the Treasury by the Government Actuary and the Actuary to the National Debt Commissioners dated 24th May, 1954, and published as a Stationery Office publication. The investigation showed not only that the mortality of Government Annuitants is now considerably lighter than that experienced in the period 1900–20 on which the tables hitherto in use were based but also that the allowance made in those tables for a prospective further decline in mortality is no longer adequate. It has therefore been necessary to make such additions to the net annuity values as in the opinion of the Actuaries are needed to secure that, as required by Section 53 of the Act, the grant of annuities shall not cause any loss to the Exchequer. The tables incorporate also an addition of £1 16s. per cent of the net annuity value to provide for the expenses incurred by the National Debt Commissioners in connexion with the grant and payment of each annuity.

## Schedule SECOND TABLES OF IMMEDIATE LIFE ANNUITIES

TABLE C.9
IMMEDIATE LIFE ANNUITIES 19 & 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£60 10 s. or between
£60 10 s. or between
£60 10s. and £62 10s.
£60 10s. and £62 10s.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
24 9 8
25 2 3
If 45 and under 46
17 7 5
18 15 1
6 and under 7
24 7 7
25 – 5
46 and under 47
17 1 6
18 10 1
7 and under 8
24 5 5
24 18 7
47 and under 48
16 15 6
18 4 11
8 and under 9
24 3 2
24 16 8
48 and under 49
16 9 3
17 19 7
9 and under 10
24 – 10
24 14 7
49 and under 50
16 2 10
17 14 1
10 and under 11
23 18 4
24 12 5
50 and under 51
15 16 4
17 8 5
11 and under 12
23 15 10
24 10 3
51 and under 52
15 9 8
17 2 6
12 and under 13
23 13 3
24 8 –
52 and under 53
15 2 9
16 16 5
13 and under 14
23 10 8
24 5 8
53 and under 54
14 15 9
16 10 2
14 and under 15
23 8 1
24 3 4
54 and under 55
14 8 8
16 3 10
15 and under 16
23 5 6
24 – 10
55 and under 56
14 1 5
15 17 4
16 and under 17
23 2 10
23 18 3
56 and under 57
13 14 1
15 10 6
17 and under 18
23 – 1
23 15 8
57 and under 58
13 6 7
15 3 7
18 and under 19
22 17 4
23 13 –
58 and under 59
12 19 1
14 16 6
19 and under 20
22 14 5
23 10 3
59 and under 60
12 11 6
14 9 2
20 and under 21
22 11 6
23 7 5
60 and under 61
12 3 10
14 1 9
21 and under 22
22 8 7
23 4 7
61 and under 62
11 16 6
13 14 7
22 and under 23
22 5 7
23 1 8
62 and under 63
11 9 2
13 7 1
23 and under 24
22 2 6
22 2 6
63 and under 64
11 1 9
12 19 5
24 and under 25
21 19 4
22 15 8
64 and under 65
10 14 5
12 11 6
25 and under 26
21 16 1
22 12 7
65 and under 66
10 7 1
12 3 7
26 and under 27
21 12 8
22 9 5
66 and under 67
9 19 10
11 15 6
27 and under 28
21 9 3
22 6 2
67 and under 68
9 12 8
11 7 4
28 and under 29
21 5 9
22 2 11
68 and under 69
9 5 8
10 19 2
29 and under 30
21 2 1
21 19 7
69 and under 70
8 18 8
10 11 –
30 and under 31
20 18 4
21 16 3
70 and under 71
8 11 10
10 2 11
31 and under 32
20 14 6
21 12 9
71 and under 72
8 5 –
9 14 11
32 and under 33
20 10 6
21 9 3
72 and under 73
7 18 4
9 7 –
33 and under 34
20 6 6
21 5 8
73 and under 74
7 11 10
8 19 3
34 and under 35
20 2 3
21 1 11
74 and under 75
7 5 5
8 11 8
35 and under 36
19 18 –
20 18 2
75 and under 76
6 19 3
8 4 3
36 and under 37
19 13 6
20 14 4
76 and under 77
6 13 3
7 16 11
37 and under 38
19 8 11
20 10 5
77 and under 78
6 7 5
7 9 9
38 and under 39
19 4 3
20 6 4
78 and under 79
6 1 9
7 2 10
39 and under 40
18 19 5
20 2 3
79 and under 80
5 16 3
6 16 1
40 and under 41
18 14 5
19 18 1
80 or any
5 11 –
6 9 6
41 and under 42
18 9 4
19 13 9
greater age
5 11 –
6 9 6
42 and under 43
18 4 1
19 9 3
43 and under 44
17 18 8
19 4 8
44 and under 45
17 13 1
18 19 11
TABLE C.10
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£62 10 s. or between
£62 10 s. or between
£62 10s. and £64 10s.
£62 10s. and £64 10s.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
25 1 4
25 14 7
If 45 and under 46
17 12 6
19 1 1
6 and under 7
24 19 1
25 12 7
46 and under 47
17 6 6
18 15 11
7 and under 8
24 16 9
25 10 7
47 and under 48
17 – 3
18 10 7
8 and under 9
24 14 4
25 8 6
48 and under 49
16 13 10
18 5 1
9 and under 10
24 11 10
25 6 4
49 and under 50
16 7 3
17 19 4
10 and under 11
24 9 3
25 4 1
50 and under 51
16 – 6
17 13 5
11 and under 12
24 6 7
25 1 9
51 and under 52
15 13 7
17 7 4
12 and under 13
24 3 11
24 19 4
52 and under 53
15 6 7
17 1 2
13 and under 14
24 1 2
24 16 11
53 and under 54
14 19 5
16 14 9
14 and under 15
23 18 5
24 14 5
54 and under 55
14 12 2
16 8 1
15 and under 16
23 15 8
24 11 9
55 and under 56
14 4 9
16 1 4
16 and under 17
23 12 10
24 9 –
56 and under 57
13 17 2
15 14 5
17 and under 18
23 10 –
24 6 3
57 and under 58
13 9 7
15 7 4
18 and under 19
23 7 1
24 3 5
58 and under 59
13 1 10
15 – –
19 and under 20
23 4 1
24 – 7
59 and under 60
12 14 1
14 12 6
20 and under 21
23 1 –
23 17 7
60 and under 61
12 6 3
14 4 11
21 and under 22
22 17 10
23 14 7
61 and under 62
11 18 10
13 17 7
22 and under 23
22 14 8
23 11 6
62 and under 63
11 11 4
13 9 11
23 and under 24
22 11 6
23 8 4
63 and under 64
11 3 9
13 2 –
24 and under 25
22 8 2
23 5 2
64 and under 65
10 16 3
12 14 –
25 and under 26
22 4 9
23 1 11
65 and under 66
10 8 10
12 5 11
26 and under 27
22 1 2
22 18 8
66 and under 67
10 1 5
11 17 8
27 and under 28
21 17 7
22 15 3
67 and under 68
9 14 2
11 9 4
28 and under 29
21 13 10
22 11 10
68 and under 69
9 7 1
11 1 –
29 and under 30
21 10 1
22 8 4
69 and under 70
9 – –
10 12 8
30 and under 31
21 6 2
22 4 10
70 and under 71
8 13 –
10 4 6
31 and under 32
21 2 2
22 1 2
71 and under 72
8 6 –
9 16 5
32 and under 33
20 18 –
21 17 6
72 and under 73
7 19 3
9 8 4
33 and under 34
20 13 9
21 13 9
73 and under 74
7 12 8
9 – 6
34 and under 35
20 9 4
21 9 10
74 and under 75
7 6 3
8 12 10
35 and under 36
20 4 10
21 5 11
75 and under 76
7 – –
8 5 3
36 and under 37
20 – 3
21 1 11
76 and under 77
6 13 11
7 17 10
37 and under 38
19 15 6
20 17 9
77 and under 78
6 8 –
7 10 7
38 and under 39
19 10 8
20 13 7
78 and under 79
6 2 4
7 3 7
39 and under 40
19 5 7
20 9 4
79 and under 80
5 16 10
6 16 9
40 and under 41
19 – 5
20 4 11
80 or any
41 and under 42
18 15 2
20 – 5
greater age
5 11 6
6 10 2
42 and under 43
18 9 9
19 15 9
43 and under 44
18 4 2
19 11 –
44 and under 45
17 18 5
19 6 2
TABLE C.11
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£64 10 s. or between
£64 10 s. or between
£64 10s. and £66 10s.
£64 10s. and £66 10s.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
25 13 5
26 7 4
If 45 and under 46
17 17 8
19 7 2
6 and under 7
25 11 –
26 5 4
46 and under 47
17 11 5
19 1 10
7 and under 8
25 8 6
26 3 2
47 and under 48
17 5 –
18 16 4
8 and under 9
25 6 –
26 – 11
48 and under 49
16 18 5
18 10 7
9 and under 10
25 3 5
25 18 7
49 and under 50
16 11 8
18 4 8
10 and under 11
25 – 8
25 16 3
50 and under 51
16 4 9
17 18 7
11 and under 12
24 17 10
25 13 9
51 and under 52
15 17 8
17 12 4
12 and under 13
24 15 –
25 11 2
52 and under 53
15 10 6
17 5 11
13 and under 14
24 12 1
25 8 7
53 and under 54
15 3 1
16 19 4
14 and under 15
24 9 2
25 5 11
54 and under 55
14 15 7
16 12 6
15 and under 16
24 6 3
25 3 1
55 and under 56
14 8 –
16 5 6
16 and under 17
24 3 4
25 – 3
56 and under 57
14 – 4
15 18 5
17 and under 18
24 – 4
24 17 4
57 and under 58
13 12 7
15 11 2
18 and under 19
23 17 2
24 14 4
58 and under 59
13 4 8
15 3 8
19 and under 20
23 14 –
24 11 4
59 and under 60
12 16 9
14 15 11
20 and under 21
23 10 10
24 8 2
60 and under 61
12 8 9
14 8 2
21 and under 22
23 7 7
24 5 –
61 and under 62
12 1 2
14 – 8
22 and under 23
23 4 2
24 1 9
62 and under 63
11 13 6
13 12 10
23 and under 24
23 – 9
23 18 5
63 and under 64
11 5 9
13 4 9
24 and under 25
22 17 3
23 15 1
64 and under 65
10 18 2
12 16 7
25 and under 26
22 13 8
23 11 8
65 and under 66
10 10 7
12 8 4
26 and under 27
22 10 –
23 8 3
66 and under 67
10 3 1
11 19 11
27 and under 28
22 6 3
23 4 8
67 and under 68
9 15 8
11 11 6
28 and under 29
22 2 4
23 1 1
68 and under 69
9 8 5
11 3 –
29 and under 30
21 18 4
22 17 5
69 and under 70
9 1 3
10 14 6
30 and under 31
21 14 2
22 13 9
70 and under 71
8 14 2
10 6 2
31 and under 32
21 10 –
22 9 11
71 and under 72
8 7 2
9 17 11
32 and under 33
21 5 8
22 6 –
72 and under 73
8 – 4
9 9 9
33 and under 34
21 1 2
22 2 1
73 and under 74
7 13 8
9 1 10
34 and under 35
20 16 8
21 18 –
74 and under 75
7 7 1
8 14 1
35 and under 36
20 12 –
21 13 11
75 and under 76
7 – 10
8 6 4
36 and under 37
20 7 3
21 9 8
76 and under 77
6 14 8
7 18 10
37 and under 38
20 2 4
21 5 5
77 and under 78
6 8 9
7 11 6
38 and under 39
19 17 2
21 1 –
78 and under 79
6 2 11
7 4 5
39 and under 40
19 12 –
20 16 7
79 and under 80
5 17 4
6 17 6
40 and under 41
19 6 8
20 12 –
80 or any
41 and under 42
19 1 2
20 7 4
greater age
5 12 –
6 10 10
42 and under 43
18 15 6
20 2 6
43 and under 44
18 9 9
19 17 6
44 and under 45
18 3 10
19 12 6
TABLE C.12
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£66 10 s. or between
£66 10 s. or between
£66 10s. and £69.
£66 10s. and £69.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
26 6 –
27 7ndash; 8
If 45 and under 46
18 3 1
19 13 6
6 and under 7
26 3 5
26 18 6
46 and under 47
17 16 8
19 8 –
7 and under 8
26 – 10
26 16 3
47 and under 48
17 10 1
19 2 3
8 and under 9
25 18 3
26 13 11
48 and under 49
17 3 3
18 16 4
9 and under 10
25 15 5
26 11 5
49 and under 50
16 16 3
18 10 2
10 and under 11
25 12 6
26 8 11
50 and under 51
16 9 1
18 3 11
11 and under 12
25 9 6
26 6 3
51 and under 52
16 1 10
17 17 5
12 and under 13
25 6 6
26 3 7
52 and under 53
15 14 6
17 10 10
13 and under 14
25 3 5
26 – 9
53 and under 54
15 6 11
17 4 –
14 and under 15
25 – 4
25 17 11
54 and under 55
14 19 2
16 17 –
15 and under 16
24 17 3
25 14 11
55 and under 56
14 11 5
16 9 9
16 and under 17
24 14 2
25 11 11
56 and under 57
14 3 7
16 2 6
17 and under 18
24 11 –
25 8 10
57 and under 58
13 15 7
15 15 –
18 and under 19
24 7 9
25 5 8
58 and under 59
13 7 6
15 7 5
19 and under 20
24 4 5
25 2 6
59 and under 60
12 19 5
14 19 6
20 and under 21
24 1 1
24 19 2
60 and under 61
12 11 4
14 11 6
21 and under 22
23 17 7
24 15 10
61 and under 62
12 3 7
14 3 9
22 and under 23
23 14 –
24 12 5
62 and under 63
11 15 9
13 15 9
23 and under 24
23 10 5
24 8 11
63 and under 64
11 7 11
13 7 7
24 and under 25
23 6 8
24 5 5
64 and under 65
11 – 2
12 19 3
25 and under 26
23 2 11
24 1 10
65 and under 66
10 12 6
12 10 9
26 and under 27
22 19 1
23 18 2
66 and under 67
10 4 10
12 2 2
27 and under 28
22 15 2
23 14 5
67 and under 68
9 17 3
11 13 7
28 and under 29
22 11 1
23 10 8
68 and under 69
9 9 10
11 4 11
29 and under 30
22 6 10
23 6 10
69 and under 70
9 2 7
10 16 3
30 and under 31
22 2 6
23 2 11
70 and under 71
8 15 5
10 7 10
31 and under 32
21 18 2
22 18 11
71 and under 72
8 8 4
9 19 5
32 and under 33
21 13 8
22 14 10
72 and under 73
8 1 5
9 11 2
33 and under 34
21 9 –
22 10 9
73 and under 74
7 14 7
9 3 2
34 and under 35
21 4 3
22 6 6
74 and under 75
7 8 –
8 15 2
35 and under 36
20 19 4
22 2 2
75 and under 76
7 1 8
8 7 5
36 and under 37
20 14 4
21 17 9
76 and under 77
6 15 4
7 19 10
37 and under 38
20 9 3
21 13 4
77 and under 78
6 9 4
7 12 5
38 and under 39
20 4 –
21 8 9
78 and under 79
6 3 6
7 5 3
39 and under 40
19 18 6
21 4 1
79 and under 80
5 17 11
6 18 2
40 and under 41
19 13 –
20 19 3
80 or any
41 and under 42
19 7 4
20 14 5
greater age
5 12 6
6 11 6
42 and under 43
19 1 6
20 9 5
43 and under 44
18 15 6
20 4 3
44 and under 45
18 9 4
19 18 11
TABLE C.13
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£69, or between
£69, or between
£69 and £71 10s.
£69 and £71 10s.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
26 19 2
27 14 8
If 45 and under 46
18 8 7
20 – –
6 and under 7
26 16 6
27 12 4
46 and under 47
18 1 11
19 14 3
7 and under 8
26 13 9
27 9 11
47 and under 48
17 15 1
19 8 3
8 and under 9
26 10 11
27 7 5
48 and under 49
17 8 1
19 2 2
9 and under 10
26 7 11
27 4 10
49 and under 50
17 – 10
18 15 10
10 and under 11
26 4 10
27 2 1
50 and under 51
16 13 6
18 9 4
11 and under 12
26 1 8
26 19 3
51 and under 52
16 6 1
18 2 8
12 and under 13
25 18 6
26 16 5
52 and under 53
15 18 6
17 15 10
13 and under 14
25 15 3
26 13 5
53 and under 54
15 10 9
17 8 10
14 and under 15
25 12 –
26 10 5
54 and under 55
15 2 10
17 1 7
15 and under 16
25 8 9
26 7 3
55 and under 56
14 14 11
16 14 2
16 and under 17
25 5 5
26 4 1
56 and under 57
14 6 10
16 6 8
17 and under 18
25 2 –
26 – 10
57 and under 58
13 18 9
15 19 –
18 and under 19
24 18 7
25 17 6
58 and under 59
13 10 6
15 11 2
19 and under 20
24 15 1
25 14 1
59 and under 60
13 2 3
15 3 1
20 and under 21
24 11 6
25 10 7
60 and under 61
12 13 11
14 14 11
21 and under 22
24 7 10
25 7 1
61 and under 62
12 6 –
14 7 –
22 and under 23
24 4 2
25 3 5
62 and under 63
11 18 –
13 18 9
23 and under 24
24 – 5
24 19 9
63 and under 64
11 10 –
13 10 5
24 and under 25
23 16 6
24 16 1
64 and under 65
11 2 1
13 1 10
25 and under 26
23 12 6
24 12 4
65 and under 66
10 14 4
12 13 2
26 and under 27
23 8 6
24 8 5
66 and under 67
10 6 7
12 4 6
27 and under 28
23 4 4
24 4 6
67 and under 68
9 18 11
11 15 9
28 and under 29
23 – –
24 – 7
68 and under 69
9 11 4
11 6 11
29 and under 30
22 15 8
23 16 6
69 and under 70
9 3 11
10 18 2
30 and under 31
22 11 2
23 12 4
70 and under 71
8 16 7
10 9 7
31 and under 32
22 6 7
23 8 2
71 and under 72
8 9 5
10 1 –
32 and under 33
22 1 10
23 4 –
72 and under 73
8 2 5
9 12 8
33 and under 34
21 17 –
22 19 8
73 and under 74
7 15 7
9 4 6
34 and under 35
21 12 –
22 15 3
74 and under 75
7 8 11
8 16 5
35 and under 36
21 6 11
22 10 9
75 and under 76
7 2 5
8 8 7
36 and under 37
21 1 9
22 6 1
76 and under 77
6 16 2
8 – 10
37 and under 38
20 16 5
22 1 5
77 and under 78
6 10 1
7 13 4
38 and under 39
20 10 11
21 16 8
78 and under 79
6 4 2
7 6 1
39 and under 40
20 5 4
21 11 9
79 and under 80
5 18 6
6 19 –
40 and under 41
19 19 7
21 6 9
80 or any
5 13 –
6 12 2
41 and under 42
19 13 8
21 1 8
greater age
5 13 –
6 12 2
42 and under 43
19 7 7
20 16 5
43 and under 44
19 1 5
20 11 1
44 and under 45
18 15 1
20 5 7
TABLE C.14
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£71 10 s. or between
£71 10 s. or between
£71 10s. and £74.
£71 10s. and £74.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
27 13 –
28 9 4
If 45 and under 46
18 14 3
20 6 8
6 and under 7
27 10 2
28 6 9
46 and under 47
18 7 4
20 – 8
7 and under 8
27 7 2
28 4 2
47 and under 48
18 – 3
19 14 5
8 and under 9
27 4 2
28 1 6
48 and under 49
17 13 –
19 8 1
9 and under 10
27 1 –
27 18 9
49 and under 50
17 5 7
19 1 7
10 and under 11
26 17 8
27 15 10
50 and under 51
16 18 1
18 14 11
11 and under 12
26 14 4
27 12 10
51 and under 52
16 10 5
18 8 –
12 and under 13
26 10 11
27 9 9
52 and under 53
16 2 7
18 – 11
13 and under 14
26 7 6
27 6 7
53 and under 54
15 14 7
17 13 8
14 and under 15
26 4 1
27 3 5
54 and under 55
15 6 7
17 6 3
15 and under 16
26 – 8
27 – 1
55 and under 56
14 18 5
16 18 8
16 and under 17
25 17 2
26 16 8
56 and under 57
14 10 3
16 10 11
17 and under 18
25 13 7
26 13 3
57 and under 58
14 1 11
16 3 –
18 and under 19
25 9 11
26 9 9
58 and under 59
13 13 6
15 14 11
19 and under 20
25 6 3
26 6 2
59 and under 60
13 5 –
15 6 8
20 and under 21
25 2 6
26 2 6
60 and under 61
12 16 6
14 18 4
21 and under 22
24 18 8
25 18 9
61 and under 62
12 8 6
14 10 3
22 and under 23
24 14 9
25 14 11
62 and under 63
12 – 4
14 1 10
23 and under 24
24 10 9
25 11 1
63 and under 64
11 12 2
13 13 3
24 and under 25
24 6 8
25 7 2
64 and under 65
11 4 2
13 4 6
25 and under 26
24 2 6
25 3 2
65 and under 66
10 16 2
12 15 9
26 and under 27
23 18 2
24 19 1
66 and under 67
10 8 3
12 6 10
27 and under 28
23 13 10
24 15 –
67 and under 68
10 – 6
11 17 10
28 and under 29
23 9 4
24 10 9
68 and under 69
9 12 10
11 8 11
29 and under 30
23 4 9
24 6 6
69 and under 70
9 5 3
11 – –
30 and under 31
23 – –
24 2 2
70 and under 71
8 17 10
10 11 3
31 and under 32
22 15 2
23 17 10
71 and under 72
8 10 7
10 2 7
32 and under 33
22 10 3
23 13 5
72 and under 73
8 3 6
9 14 1
33 and under 34
22 5 3
23 8 10
73 and under 74
7 16 7
9 5 9
34 and under 35
22 – 1
23 4 3
74 and under 75
7 9 10
8 17 7
35 and under 36
21 14 9
22 19 6
75 and under 76
7 3 3
8 9 7
36 and under 37
21 9 4
22 14 8
76 and under 77
6 16 10
8 1 9
37 and under 38
21 3 9
22 9 10
77 and under 78
6 10 8
7 14 2
38 and under 39
20 18 1
22 4 10
78 and under 79
6 4 9
7 6 10
39 and under 40
20 12 3
21 19 9
79 and under 80
5 19 –
6 19 8
40 and under 41
20 6 3
21 14 6
80 or any
41 and under 42
20 – 1
21 9 2
greater age
5 13 6
6 12 10
42 and under 43
19 13 10
21 3 9
43 and under 44
19 7 5
20 18 2
44 and under 45
19 – 11
20 12 6
TABLE C.15
IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted
In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:—
The first Quarterly payment of the Annuity will become due:—
December and the last day of February
on the 5th April following.
March and the last day of May
on the 5th July following.
June and the last day of August
on the 5th October following.
September and the last day of November
on the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£74, or between
£74, or between
£74 and £77.
£74 and £77.
Age in years at
Age in years at
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1.
the time of Purchase of the Person upon whose
Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.
Males.
Females.
Life the Annuity is to depend.
Males.
Females.
£ s. d.
£ s. d.
£ s. d.
£ s. d.
If 5 and under 6
28 7 5
29 4 8
If 45 and under 46
19 – –
20 13 5
6 and under 7
28 4 4
29 1 11
46 and under 47
18 12 10
20 7 3
7 and under 8
28 1 2
28 19 2
47 and under 48
18 5 6
20 – 10
8 and under 9
27 17 11
28 16 3
48 and under 49
17 18 1
19 14 3
9 and under 10
27 14 7
28 13 3
49 and under 50
17 10 6
19 7 6
10 and under 11
27 11 2
28 10 2
50 and under 51
17 2 9
19 – 7
11 and under 12
27 7 7
28 7 –
51 and under 52
16 14 10
18 13 6
12 and under 13
27 4 –
28 3 8
52 and under 53
16 6 9
18 6 3
13 and under 14
27 – 4
28 – 4
53 and under 54
15 18 8
17 18 9
14 and under 15
26 16 9
27 17 –
54 and under 55
15 10 5
17 11 1
15 and under 16
26 13 1
27 13 5
55 and under 56
15 2 –
17 3 4
16 and under 17
26 9 4
27 9 10
56 and under 57
14 13 7
16 15 4
17 and under 18
26 5 7
27 6 2
57 and under 58
14 5 1
16 7 2
18 and under 19
26 1 9
27 2 6
58 and under 59
13 16 6
15 18 10
19 and under 20
25 17 10
26 18 8
59 and under 60
13 7 10
15 10 5
20 and under 21
25 13 10
26 14 10
60 and under 61
12 19 2
15 1 10
21 and under 22
25 9 9
26 10 10
61 and under 62
12 11 –
14 13 7
22 and under 23
25 5 8
26 6 10
62 and under 63
12 2 8
14 4 11
23 and under 24
25 1 5
26 2 10
63 and under 64
11 14 4
13 16 2
24 and under 25
24 17 1
25 18 8
64 and under 65
11 6 2
13 7 3
25 and under 26
24 12 9
25 14 5
65 and under 66
10 18 1
12 18 4
26 and under 27
24 8 3
25 10 2
66 and under 67
10 10 –
12 9 3
27 and under 28
24 3 8
25 5 10
67 and under 68
10 2 1
12 – 1
28 and under 29
23 18 11
25 1 5
68 and under 69
9 14 4
11 10 11
29 and under 30
23 14 1
24 16 11
69 and under 70
9 6 8
11 1 11
30 and under 31
23 9 2
24 12 5
70 and under 71
8 19 2
10 13 –
31 and under 32
23 4 2
24 7 10
71 and under 72
8 11 9
10 4 2
32 and under 33
22 19 –
24 3 2
72 and under 73
8 4 7
9 15 7
33 and under 34
22 13 9
23 18 4
73 and under 74
7 17 6
9 7 2
34 and under 35
22 8 4
23 13 6
74 and under 75
7 10 8
8 18 10
35 and under 36
22 2 10
23 8 7
75 and under 76
7 4 1
8 10 9
36 and under 37
21 17 2
23 3 6
76 and under 77
6 17 7
8 2 10
37 and under 38
21 11 4
22 18 5
77 and under 78
6 11 4
7 15 2
38 and under 39
21 5 5
22 13 2
78 and under 79
6 5 4
7 7 9
39 and under 40
20 19 4
22 7 11
79 and under 80
5 19 7
7 – 6
40 and under 41
20 13 1
22 2 6
80 or any
41 and under 42
20 6 9
21 16 11
greater age
5 14 –
6 13 6
42 and under 43
20 – 3
21 11 3
43 and under 44
19 13 8
21 5 6
44 and under 45
19 6 11
20 19 6

## Explanatory note

Under the Government Annuities Act, 1929 , Part II, the National Debt Commissioners may grant Immediate Life Annuities which are sold through the Post Office Savings Bank and Trustee Savings Banks and are known as Savings Bank annuities. The Act empowers the Treasury to approve tables for calculating the amounts of these annuities, framed in such a manner that the Exchequer suffers no loss.
This Order approves new tables designed to achieve this object, replacing those approved on 12th May, 1934.
The First Schedule to the Order contains the rules in accordance with which the tables have been constructed; the Second Schedule contains the tables. Under the Act the tables are required to lie before Parliament for thirty days before they can be brought into operation; if no address is presented to Her Majesty praying that the tables be cancelled, they will, at the conclusion of the thirty days, be published in the London Gazette, and come into operation on the day of publication.

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Source: https://www.legislation.gov.uk/uksi/1954/1578 (the official version)
Page: https://openlegislation.uk/savings-bank-annuities-tables-order-1954
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.