Overview 
Grow & manage your pension
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Access your pension
Choosing income options Drawdown Taking lump sums Staying invested in retirement Taking tax-free cash
Access your Pension
Your retirement income
Your retirement income
Choosing income options Drawdown Taking lump sums Staying invested in retirement Taking tax-free cash
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.
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 budgetMaking 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
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 calculatorGet a guaranteed income quote
Provide some basic information about your current situation to get a quote for a guaranteed income, known as an annuity.
Get a quote now
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