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Great value and our widest range of investment choice.
| Age now | |
| Age at retirement | |
| Desired annual gross income on retirement (£) |
|
| Current value of pension fund (£) | |
| Current monthly pension contribution amount (£) |
|
| Annual pension assets growth risk profile (%) |
|
| Projected value of pension fund at retirement (£) |
|
| Expected annuity rates at retirement (%) |
|
| Projected gross pension income without tax-free lump sum (£) | |
| Tax-free lump sum to be taken upon retirement (max 25% of fund) | |
| Projected gross pension income after taking tax-free lump sum (£) | |
| Required value of pension fund at retirement after tax-free lump sum of 0% deducted (£) |
|
| Gross pension income shortfall per year (£) |
|
| Pension fund shortfall (£) | |
| Extra monthly contributions required to make up shortfall (£) |
|
| If the values don't automatically update: re-calculate. | |
1. Enter your details in the open fields including current age, the age you
would like to retire and desired annual income in retirement. You can also
see the result of withdrawing a lump sum upon retirement. Current rules
allow for up to 25% of the pension to be withdrawn tax free.
2. Select an average annual percentage growth for the pension assets. 7% is
often used as an illustrative longer-term return. Cumulative returns on UK
assets with dividends re-invested 1900-2006 were 9.8% per year for equities
and 5.4% for bonds. Inflation was 4% (source: ABN Amro).
3. Select an annuity rate. Rates fluctuate and vary depending on your age,
sex, and whether the annuity is fixed, index linked, investment linked or
escalated annually. Currently rates vary between around 4% - 6%.
(Remember, you are no longer obliged to buy an annuity
Find out more >.
4. The calculator does not account for the effect of inflation on either the
real value of your pension or asset growth. Figures are, therefore, in
'today's money'.