Our tools allow you to create real scenarios based on your own personal circumstances. Find out exactly how much you need to save for retirement, how much tax you will have to pay and estimate how long you will need to be paid a person for.
"When you reach retirement your income is likely to be less. This is mostly because your income from work drops if you go part-time or when you stop working altogether. Your retirement income usually isn’t as much as your salary. You should think about what you can do with your pension pot to make sure you can make your money last through retirement" Pension Wise
"When you get a pension you pay tax on income above your tax-free Personal Allowance, just like you do on your salary. The only difference is that you can also take part of your pension pot tax-free. This money doesn’t use up any of your Personal Allowance. How much tax you pay depends on your total income and the tax rate that applies to you" Pension Wise
"People are living longer. On average, people aged 55 today will live to their mid to late 80s. Around 1 in 10 men and 1 in 5 women this age will live to 100 and receive their telegram from The Queen. Being more informed about how much longer you potentially have to live is no bad thing, especially when it comes to financial planning" Office for National Statistics