Help & support Register for PlanViewer
Skip Header
Search
Log out
Menu
Close
About your workplace pension

About your workplace pension

About your workplace pension Overview
Getting started
Back
Getting started
Introducing workplace pensions How pensions are invested Auto-enrolment How contributions are made Costs and charges Your pension checklist Understanding your pension: FAQs
Welcome to Fidelity
Back
Welcome to Fidelity
About Fidelity How safe is my plan? Governance Sustainable investing Online security Latest news from Fidelity Master Trust
I want to…
Back
I want to…
Download the app Nominate my beneficiaries Review my retirement age Transfer a pension Check and update my contact details
Grow and manage your pension

Grow and manage your pension

Grow and manage your pension Overview
Saving
Back
Saving
Starting out Building savings Planning for retirement Maximising your contributions Pension allowances and tax Tools to help you save
Investing
Back
Investing
Investing basics How pensions are invested Deciding where to invest FutureWise Sustainable investing
I want to…
Back
I want to…
Get more help with guides and videos Nominate my beneficiaries Review my retirement age Transfer a pension Check if I'm on track
Accessing your savings

Accessing your savings

Accessing your savings Overview
Retirement planning
Back
Retirement planning
Flexible retirement planning Investing in retirement Investment Pathways Pension allowances and tax Retirement planning tools
Accessing your pension
Back
Accessing your pension
Choosing income options Taking tax-free cash Flexible income (drawdown) Guaranteed income for life (annuity) Taking lump sums Leaving it where it is Leaving your employer
I want to…
Back
I want to…
Budget for my retirement Plan my retirement income Withdraw money from my pension Check if I'm on track Contact Fidelity
Your financial wellness

Your financial wellness

Your financial wellness Overview
Feel good with Fidelity
Back
Feel good with Fidelity
What is financial wellness? Check your financial health Navigating uncertainty Life Moments Women and Money
Life stages
Back
Life stages
Starting out Building savings Planning for retirement
I want to…
Back
I want to…
Get more help externally Get more help with guides and videos Get support with big life events
Home Accessing your savings Plan my retirement income

How much will I need in retirement?

Our tools can help you work out how much you may need in retirement and what kind of income you might expect.

Important information - Please note that these guidance tools are not a personal recommendation for a particular investment or course of action. If you need any help with decisions about your pension, please speak to an authorised financial adviser. You should regularly review your investments to ensure they still meet your attitude to risk and your investment goals.

None

Your retirement budget

We all know having a budget is a good idea, but it can get complicated. You might know how much your food shopping costs each week, but what about over the year? Pay your car insurance annually? How much is that monthly? What about the money you spend on getting around and other day-today expenses?

Our budgeting tool allows you to input your expenditure weekly, monthly or annually, so you don’t have to work it out. You can also include the income you expect to have when you retire to see what sort of activities and lifestyle you will be able to afford.

Retirement Calculator
None

Making flexible income last

Our flexible income calculator will help you decide how much you might want to drawdown from your pension as flexible income. You’ll need to have an idea of how much your retirement savings will be worth by the time you retire.

The tool will estimate how long you can expect a certain level of income to last, and you’ll be able to compare this with the length of time you expect to need to live off your savings.

Estimate flexible income
None

How much tax will you pay?

Our Pension Tax Calculator can show you how much tax you might have to pay, depending on the way you withdraw your money.

It will also help you see how taking money from your pension savings now could affect your future retirement income.

Try the tax calculator
None

Get an annuity

The MoneyHelper's Annuity comparison tool will help you to search the market to see how much income you could get from purchasing a guaranteed income for life (annuity), or a fixed term annuity. 

Visit MoneyHelper

Policies and important information
 

Accessibility | Cookie policy | 2023 Corporate Sustainability Report | Diversity, Equity & Inclusion Reports | Financial crime | Governance | Legal information | Modern slavery statement | Privacy statement | Regulators and regulatory disclosures | UK tax strategy | Whistleblowing programme
 

This information is not a personal recommendation for any particular investment, you are responsible for deciding whether an investment is suitable for you. In doing so, please remember that past performance is not a guide to future performance, the performance of funds is not guaranteed and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. You should regularly review your investment objectives and choices and if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser.
 

This website is issued by FIL Life Insurance Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. 3406905, Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.

© FIL Limited 2024