Issues to resolve before continuing

    Tell us how much income you’re looking for when you retire, give us a few personal details and we’ll let you know if you’re on track. You can also carry out a quick comparison to see what effect making a few changes to your retirement plans might make.

    The calculator assumes an annuity is used to provide your retirement income. Other retirement options are available which may be more suitable for your individual circumstances. You will find more information about the different options on our website.

    We’ve assumed that your investment grows at x% each year above inflation and that an annual charge of x% is deducted from your fund. The charges for your plan may be different.

    Key Features, together with a personal projection, based on your personal circumstances, must be provided if a recommendation for an investment product is made.

    The calculator gives you an idea of what you could get when you retire. What you actually get will depend on how your investments perform and could be more or less than the amounts shown. Please read our important information before you start so you understand how the calculator works and the assumptions we’ve made.

    About you

    First of all, please tell us a bit about yourself:

    The required fields are clearly marked with a *.
    Other fields aren’t essential, but will help ensure the accuracy of the information

    Your contributions

    Contributions you make to a pension will normally receive basic rate tax relief, even if you don’t pay tax. For every £1 you invest, the taxman can put in another 25 pence. Higher rate tax payers may be able to claim extra tax relief. There’s no tax relief on your employer’s contributions.

    Find out more about tax relief in the important information below.

    The required fields are clearly marked with a *.
    Other fields aren’t essential, but will help ensure the accuracy of the information

    Your target income in retirement

    The monthly amount you’ll need when you retire is likely to reduce once your mortgage is paid off and your children might’ve left home, if you have any. But how much do you think you’ll need to live the lifestyle you want?

    The required fields are clearly marked with a *.
    Other fields aren’t essential, but will help ensure the accuracy of the information


    Results

    Here you’ll find details of what you could receive in retirement in today’s terms. This is based on today’s prices and how much you could buy with your pension if it were payable today.

    Benefits from a pension will normally be paid as a tax free lump sum and/or as a regular income for the rest of your life.

    You can use our comparison tool to see how changes to your details can affect your retirement benefits.

    Projected tax free cash

    Projected monthly income vs target monthly income



    Benefits at chosen retirement age Original details Comparison
    Existing pension fund .txtTotal_ExistingSavings .txtTotal_ExistingSavings
    Future savings .txtTotal_FutureSavings .txtTotal_FutureSavings
    Projected tax-free cash .txtProjTFC .txtProjTFC
    Your projected monthly income .txtIncomeatretirement .txtIncomeatretirement
    Your target monthly income .txtTargetIncome .txtTargetIncome
    Projected income shortfall/surplus .txtShortfall .txtShortfall
    Assumed annual charge x% x%
    Assumed growth rate each year above inflation .txtRPI% .txtRPI%
    Assumed interest rate when you retire .txtInterestRate% .txtInterestRate%
    Assumed future inflation rate each year .txtInflation% .txtInflation%


    This is based on... Original details Comparison
    Retirement age .txtChosenretirementage .txtChosenretirementage
    Tax-free cash amount .txtTFC .txtTFC
    Your contribution .txtEmployeeContStr .txtEmployeeContStr
    Your employer’s contribution .txtEmployerContStr .txtEmployerContStr
    One off contribution .txtSPContStr .txtSPContStr
    Include new State pension, assuming you qualify for the full single person’s new State pension. For more information about the new State pension please visit www.direct.gov.uk. .txtIncStatePension .txtIncStatePension
    Include 50% spouse’s pension .txtIncPensionForSpouse .txtIncPensionForSpouse

    You can change the following options to see how it affects
    your projected income

    You can create a report summarising the information by clicking on the 'Create report' link below.

    If you create a report, a PDF file is generated and stored on a secure server managed by our third party service provider, Open Platform Ltd.

    This file is only accessible by using the unique link created at the time you generate the report. The file will be permanently deleted after a short period of time, no longer than 48h after being created.

    Due to the sensitive nature of the data contained in the report, we advise that you do not access it using use a public computer or share the link with anyone.

    Created reports

    The reports you’ve created are shown below. Click on the link to view them or use right-click to save to your computer.