PENSION CALCULATOR

How much do you need to save to fund your retirement?

When planning for retirement your Pension is one of the most important aspects of your income.

You can use our calculator to get an idea for the amount of income your pension pot will provide and to estimate the monthly saving needed to fund the Gap in your required income at retirement and your expected income from existing funds.

Please be aware that this is for guidance purposes only. It is not a projection and should not be treated as such.

Sovereign Wealth Limited can accept no responsibility for any loss which may occur as a result of reliance on this information.

It is based on our understanding of current legislation and HMRC practice. It does not constitute legal or taxation advice.

This is based upon the expected growth rate of the investments, inflation and management fees which have been input.

Your Results

Assumptions:

1. Contributions are paid monthly in advance, increasing each year by inflation, for 16 years from your current age until retirement

2. An annuity rate of 6% has been assumed to calculate pension pot at retirement

3. If any Tax Free Lump Sum is to be taken, this will reduce the pension income required.

The figure provided is an example only and not guaranteed – this isn’t a minimum or maximum amount. What you will get back depends on how your investment grows and on the tax treatment of the investment. You could get back more or less than this.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances

This item is for guidance purposes only. It is not a projection and should not be treated as such. Sovereign Wealth LLP can accept no responsibility for any loss which may occur as a result of reliance on this information. It is based on our understanding of current legislation and HMRC practice. It does not constitute legal or taxation advice. The objective of this calculator is provide an indication of the monthly saving needed to fund the Gap in your required income at retirement and your expected income from existing funds. This is based upon expected growth rate of the investments, inflation and management fees which have been input.

Sovereign Wealth Limited is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website www.sjp.co.uk/products. Sovereign Wealth is a limited company registered in England and Wales, Number 07115386. The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives.