Use the calculator below to assess the value of your pension.
Press 'Tab' to move between the boxes.

1) Anticipated annual fund growth rate:

(%)

2) Anticipated inflation rate:

(%)

3) Time to retirement:

(years)

4) Proposed gross monthly contribution (£):

5) Lump sum payment/
existing fund value (£):

6) Annual income required in today's term (£):

Important Information

The calculations are based on the following assumptions :

Fund growth is reduced by an assumed Annual Management Charge of 1.5%.
Initial charges are not taken into account
Annuity rate of 6.5%

These figures are designed to provide, in general terms, an indication of future pension benefits and do not constitute a formal personal illustration of future values. The figures are examples and are not guaranteed and they are not maximum or minimum amounts. What you will get back will depend on how your investments grow. You could get back more than this. Pension contributions are subject to strict limits set by the Inland Revenue.

All insurance companies use the same rates of growth for illustrations but their charges vary. They also use the same rates to illustrate how funds may be converted into pension income. For the purposes of the above calculations, investments have been assumed to grow at 5% per annum, with annual charges of 1% (as per Stakeholder). Annuity rates have been assumed at 6.5%.

Do not forget that inflation will reduce what you could buy in the future with the amounts shown. Your pension income will depend on how your actual investments grow and interest rates at the time you retire. The value of investments can go down as well as up and is not guaranteed. An investor may not get back the full amount invested.