Pension Calculator
Slide your salary, contributions and retirement age, and watch your projected pension pot recalculate live — compound growth, employer contributions and tax-smart top-ups included.
Contributions
In your first year that's roughly £306 a month into your pension.
Growth assumptions
Pot growth to age 67
Projected pot at 67
£614,830Tax-free lump sum
£153,707Income at 4%
£18,445Monthly income
£1,537Where your £614,830 comes from
- Starting pot£50,000
- You pay in£101,501
- Employer adds£60,901
- Investment growth£402,428
Years to grow
32
Growth does the work
65%
Estimates for the 2026/27 tax year · how we calculate this
How this calculator works
Each year we grow your salary by your chosen rate, add your contributions and your employer's (as a percentage of salary, plus any bonus share), then compound the pot monthly at your expected annual return. The tax-efficiency toggles divert earnings above the £50,270 higher-rate threshold or the £100,000 personal-allowance taper into your pension. At retirement we show an optional 25% tax-free lump sum and an income at your preferred drawdown rate.
Contributions across all schemes are normally limited to the £60,000 annual allowance (2026/27). The lifetime allowance was abolished from April 2024. High earners may have a lower, tapered allowance — check the tapered annual allowance calculator and our 2026/27 taper guide, or use unused allowance from earlier years via carry forward.
Tapered allowance
Check your annual allowance as a high earner
Carry forward
Use unused allowance from past years
Drawdown calculator
See how long your pot will last
Disclaimer: This calculator provides estimates only and should not be considered financial advice. Projections assume constant rates of return and salary growth, which may not reflect actual market conditions. Your pension value can go down as well as up, and you may get back less than you invested. Tax rules, including the annual allowance and tapered annual allowance, may change. Please consult a qualified pension adviser for personalised advice.
Frequently Asked Questions
Disclaimer: These calculators provide estimates for informational purposes only and do not constitute financial advice. Calculations use 2026/27 UK tax rates and thresholds sourced from HMRC and GOV.UK. Results are illustrative and may not reflect your personal circumstances. For personalised advice, consult an FCA-authorised financial adviser.