Pension Calculator
Strategic retirement planning powered by precision engineering. Plan your future with confidence.
Estimates only • FCA Guidelines Applied • Capital at risk
You can enter any age between 18 and 65
State Pension age is currently 68
Your existing pension pot
Your regular pension payment
Choose the long-term growth rate that feels right for you:
These follow FCA projection guidelines.
Your current tax band:
This is applied to your pension income in retirement.
Bank of England long-term target
Choose how you'd like the State Pension included:
If you don't choose, I assume the full new State Pension.
Tax-Free Lump Sum (25%)
Estimated Retirement Income
State Pension Income
Total Retirement Income
How I calculate your income
- 25% taken as a tax-free lump sum
- 4% sustainable withdrawal rate
- 3% conservative growth during retirement
- Income tax applied after allowances
- State Pension added from age 68
- No contributions after retirement
Important Note:
This projects sustainable income from retirement age to 100. Actual longevity, investment performance, tax changes, and personal circumstances will affect outcomes. Age 100 projections are for illustration of long-term sustainability.
Tax Relief Bands
20% on income up to £50,270
40% on income between £50,270 and £125,140
45% above £125,140
Tax relief reduces the cost of your contributions by your marginal tax rate.
How tax relief works
Tax relief means your pension receives more than you personally pay in. You pay the net amount, and I calculate the full (gross) contribution that actually goes into your pension based on your tax band.
💡 You don't pay the full contribution yourself. The government tops it up, so your pension grows faster than the amount you personally pay.
Key Points
25% of your pension is normally tax-free
Pension withdrawals are taxed as earned income
Personal Allowance: £12,570 (2026/27)
Contributions grow tax-free until withdrawal
Want to understand your results properly?
I can walk you through your numbers, check your pension charges, and show you how your current plan compares. If you'd like a clearer picture of where you stand, you can book a pension review with me below.
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These figures are estimates only. Investment returns can vary, tax rules may change, and inflation may reduce future spending power. This tool is for guidance and not financial advice.