26/01/2024

 

If you're not sure where to start with pension planning, MoneyHelper (the free Government backed service) can help.

In just a couple of minutes, you’ll get:

• A forecast of the likely pension income you’ll get when you retire. Your forecast will include income from defined benefit and defined contribution pensions, and your State Pension.

• A target retirement income to aim for, taking into account your salary.

And when you get your results, you can alter your retirement age to see how that affects your income. You can also see how increased contributions or taking a smaller tax-free lump sum affect your yearly pension.

Find the calculator here.