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Calculators

 

The Money Advice Service - Find out your likely retirement income

In a few easy steps, this pension calculator can give you an estimate of the income you'll get when you retire. This will include income from defined benefit and defined contribution schemes, plus your basic State Pension.

You'll also find out if your likely retirement income is less than what you'd need to fund your desired lifestyle in retirement.

 

The Department for Work & Pensions - How much money will your employer have to pay into your workplace pension? 

The minimum amount your employer has to contribute to your pension by law (until the end of March 2018) is the equivalent of one per cent of a proportion of your earnings.

In April 2018 this will increase to two percent, then in April 2019 it will increase again to three per cent.

This minimum percentage does not apply to all of your earnings. It applies only to what you earn over a minimum amount (currently £5,824 a year, or £486 a month, or £448 four-weekly, or £112 weekly) up to a maximum limit (currently £42,385 a year, or £3,532 a month, or £3,261 four-weekly, or £815 weekly).

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