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About your workplace pension

About your workplace pension

About your workplace pension Overview
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Getting started
Introducing workplace pensions How pensions are invested Auto-enrolment How contributions are made Costs and charges Your pension checklist
Welcome to Fidelity
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Welcome to Fidelity
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Grow and manage your pension

Grow and manage your pension

Grow and manage your pension Overview
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Saving
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Investing
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Investing
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Accessing your savings

Accessing your savings

Accessing your savings Overview
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Retirement planning
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Accessing your pension
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Accessing your pension
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Your financial wellness

Your financial wellness

Your financial wellness Overview
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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.

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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.

Make a budget
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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
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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
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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 a guaranteed income for life (annuity), or a fixed term annuity. 

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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.
 

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