Pension calculators
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- This calculator answers the question how might I achieve my target pension pot.
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Pension Assumptions:
- The figures are for illustrative purposes only.
- The calculation results show, in today's prices, the pension that might be payable when you retire. This gives us an indication of how much you would be able to buy with your pension if it were payable today.
- When determining the values at today's prices an annual inflation rate of 2.5% is used to reduce the value of the pension pot and pension payable at retirement.
- If selected a tax free lump sum of 25% is deducted from the pension pot.
- Unless otherwise indicated the fund growth rate used is 7% and an annual management charge of 1.5% for the first 10 years and 1% thereafter is applied.
- Monthly contributions are assumed to increase each year in line with inflation (2.5% each year).
- Annuity rates used are sourced from a comprehensive pension website for the UK financial services industry.
- Male life expectancy is: 76.6 years, female life expectancy is: 81 years.
- (A) Selecting a spouse's pension reduces the annuity income payable to you. Should you die in retirement, 50% of the pension income will be paid to your spouse.
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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.
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