How much should you save for retirement?

Calculate how much you need to save to meet your retirement income goal

Use our free online pension and retirement calculators to help plan ahead. Work out how much you need to save to achieve the retirement you deserve. Will your pensions already fit your needs?

Remember, retirement doesn’t have to be completely dependent on pension income. Consider how other wealth and savings can complement pension income.

Retirement Savings Calculator

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UK Pension Contributions

If you’re a UK resident, you will be able to claim tax relief on pension contributions. For those who don’t live in the UK at the moment, or don’t pay tax in the UK; consider alternative savings. Upon returning to the UK, you can contribute the lump sum of savings to your UK pension and claim tax relief!

Use our free online tools and calculators to best prepare yourself for planning advice.

Take pension planning advice

When you’re ready, engage with a regulated pension adviser to take your planning to the next step. A professional financial adviser has access to high-quality financial tools. Advisers use advanced tools to analyse your policies, calculate your shortfall and project your retirement benefits for the long term. Cashflow planning is a key tool in financial advice. It will bring together all of your wealth into one clean picture.

If you want more information about your planning strategy and options, read our free guidance documents. Our free financial guides are written and prepared by qualified industry professionals.

Pension Transfer Personality Quiz

Take our free pension transfer personality quiz to find out if a pension transfer is right for you!

1 / 10

How would you describe your investment or financial planning experience?

2 / 10

Where will you live in retirement?

3 / 10

What sort of taxpayer will you be in retirement?

4 / 10

How would you describe your relationship with money and finances?

5 / 10

Are your essential outgoings already covered by other retirement income?

6 / 10

Will anyone else be reliant on your pension for their financial security?

7 / 10

When you retire, will you need to withdraw a lump sum?

8 / 10

Do you require ad-hoc access to your pension funds in retirement?

9 / 10

How would your ideal retirement income be structured?

10 / 10

If you died, who would you want to benefit from your pension money?

Only provide your details if you are happy for us to contact you about your planning

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Pension Knowledge Test

Test your knowledge with our quick quiz! Like learning? Restart the quiz to explore our question bank!

1 / 5

What is the current UK pension Lifetime Allowance for 2020/21?

2 / 5

Who is the UK financial regulator for pension advice?

3 / 5

How much of a pension fund is usually available as a tax free Pension Commencement Lump Sum at retirement?

4 / 5

What rate of National Insurance (NI) is paid on pension income?

5 / 5

What is the current UK minimum pension age?

Your score is