Calculate your pension
Enter how much money you'll need, a few details about your situation and include the State Pension if you'd like to.
You can increase your monthly contributions, change your retirement date or lower your monthly target to see the difference they could make.
Your pension forecast
Our pension calculator is a guide only. It’s not guaranteed you'll get that amount.
The figures shown are before tax and we have not built in annual or lifetime allowances set by HMRC.
Your eventual pension pot and income can depend on some of these things:
- future contributions
- returns from investments
- tax relief on contributions
- inflation and interest rates when you retire
- changes in tax and pension rules by HMRC or other regulatory bodies
How we worked this out
We’ve assumed the following things for our calculations.
If you select ‘Include State Pension’ we’ll assume that you’re entitled to the full basic State Pension from State Pension age.
Your regular contributions will increase with inflation at a rate of 2.0% if you select ‘Increase with inflation’. Inflation is always assumed to be this amount.
The annual growth rates you can choose from follow Financial Conduct Authority rules.
These are:
- low: (2% per year)
- medium: (5% per year)
- high: (8% per year)
We've included an account fee of 0.15% per year and the average investment fund charge of 0.20% per year. We’ve deducted them from your estimated pension pot.
If you choose to let us manage your pension for you, you'll also pay a management fee of 0.30% per year. This has not been included in this calculation.
We’ve assumed that when you start taking money from your pension, you’ll take 25% as a tax-free lump sum. Your estimated pension income reflects this deduction.
Your estimated pension income is based on you withdrawing from the remaining pension pot at 4% per year.
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Low-cost Personal Pension (SIPP)
Choose a flexible and tax-efficent way to save for your retirement with our low-cost Personal Pension at just 0.15%.
No extra fees in retirement
Unlike some pension providers, there's no extra fee when you want to start withdrawing your pension savings.
