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Pension calculator

A handy tool to help you plan for the future you want

Do you know how much you need to retire with? Many people don't. After all, it's not an easy question to answer. But until you know a figure for the total income you'll need to support the lifestyle you'd like in retirement, you won't be able to put realistic plans in place to achieve it. Once you’ve got a figure in mind, then you can use our quick and easy-to-use Pension Calculator to help you review your retirement plans and work out how much you need to save.

Work out your target income

  • Decide what your target income is
  • Compare against your current projected income – is there a shortfall?
  • What contributions could help close the gap?

Make projections for your existing pensions

  • Plug in any pension funds you've already built up
  • Estimate contributions that you and your employer plan to make
  • See a total view - basic state pension and other pension income

Tweak your results

  • What effect does changing your retirement age have?
  • Can you change the level of income you need?
  • Are you able to increase your contributions?
  • Do you want to take tax-free cash at retirement?

Create a summary report

  • Create a summary report to refer back to later.
  • To stay on track regularly review your retirement plan.
  • If you're unsure of what action to take, we recommend you consult a reputable financial adviser.

Please bear in mind that the Pension Calculator makes certain assumptions (about investment performance, inflation and tax for example),that are not guaranteed and that are subject to change. Also, please remember that the returns on the investments that make up your pension fund are not guaranteed and will have an impact on the level of income you receive in retirement.

This tool is provided to you on an execution-only basis, which means that the information provided and/or any enquiry results returned do not constitute investment advice from either TD Direct Investing or Pension and Actuarial Services Limited. If you are uncertain about investing then you should seek independent financial advice.