PENSION CALCULATOR
Calculate Future Pension Returns
Use this calculator to work out the future value of a pension. Find out in seconds with this free pension calculator.
Pension calculator
Our pension calculator provides an estimate of how much your pension fund could be at retirement and how much retirement income you might expect to receive when selecting an Annuity or Income Drawdown.
Disclaimer: Please note that this calculator is not suitable for Final Salary (defined benefit) pension schemes. This calculator will only work with a Money purchase-based schemes (defined contribution). These Pension calculators are for the use of our students and their studies. The accuracy of these tools should not be used to make financial decisions. Clarity Financial Training Ltd will not be liable to you or anyone else for any decision made or action taken in reliance on the information given by these online tools.
How much can I get? Use our pension calculator to find out
Add together the figures from the annual statement you get from your pension provider. If you don't have this, you can call the provider and ask for the figures.
Your estimated total pension fund at retirement age:
xx
Based on the value of your pension. On retirement you can take 25% tax free lump sum equal to:xx
The remaining fund can be used to provide an income in the form of an Annuity or Flexi Drawdown.
Retirement income options:i
Drawdown:
Yearly income is based on a 5% yield. Please note that capital can also be taken to increase the income, this will deplete the capital.
xx
Annuity:
Yearly single based level annuity with a 10-year guarantee.
xx
* This figure is based on the following assumptions:
| Fund performance | Inflation | Charges |
xx |
xx |
xx |
Fluctuations in fund performance can happen - we give examples below of how a lower and higher fund performance will impact the size of your pension pot.
| Estimated total pension fund at retirement | Fund performance |
xx |
xx |
xx |
xx |
