By spending a few minutes using a calculator, you can discover whether the contributions you are currently making are going to meet your expectations for your retirement or alternatively you can gain an idea of the level of short fall in your current provision, giving you the tools to find out how you can go about adjusting this imbalance so that you can be confident the investment you make is going to meet your needs, now and in the future.
When using a calculator consider your needs and expectations for your personal pension plan. Are you looking for an investment vehicle that is going to provide you with a significant lump sum on retirement which you may need to repay your mortgage or to finally enjoy that luxury trip you and your family have been dreaming of, or is your priority a guaranteed monthly income that is going to keep you warm and comfortable for the rest of your days.
And if you are still undecided about how much to invest in your pension plan, try making small adjustments to your investment figures within the calculator and see how very tiny changes in contribution and retirement figures can have such a direct impact on the amount of wealth you will finally receive.
Though many calculations are based on historical fact and are by no means a guarantee for the future, the results provided can offer you a clear indication of what you could be expecting to achieve in your retirement and help steer you to the best investment path to ensure all your retirement needs are met.
Once you have identified any shortfall that has come to light during this exercise compare our range of personal pension plans from some of the leading fund providers in the UK to find the product that is going to fill the gap and make sure you can start to look forward to your retirement with confidence and security.
The Pension Calculator UK is based on current tax and pension legislation in Britain which is subject to change at any time, however this is the best picture we can provide today to illustrate your future situation and how investing in a personal pension plan could significantly improve the financial situation of you and your family when retirement age arrives.