This calculator is for educational and informational purposes only.
📊 Not Financial Advice: The projections shown are estimates based on assumptions that may not reflect your actual situation. Always consult with a qualified financial advisor before making pension decisions.
📈 Investment Returns: Past performance does not guarantee future results. The 7% growth rate used is based on historical averages but actual returns will vary and may be negative.
💷 Tax Rules: Tax legislation changes frequently. The calculations use current rates which may change. Your personal tax situation may differ.
🎯 Personal Circumstances: This tool cannot account for your complete financial situation, risk tolerance, or personal goals.
⏰ Pension Access:You can access pensions from age 55 (rising to 57 from April 2028). You can take 25% tax-free (up to £268,275), with the rest taxed as income. Rules may change.
🔒 No Guarantee: We make no warranties about the accuracy, reliability or completeness of this information.
By using this calculator, you acknowledge that all investment decisions are your own responsibility. Start your pension journey, but do it with proper professional guidance.