![]() The result will also be based on your gender, retirement age, current health, and pension fund, so make sure that you take the time to enter these as accurately as possible when you begin. Our calculator aims to provide an indication of the monthly pension contribution needed to fund the shortfall in your required pension income at your selected retirement age taking into account your existing pension funds, and the sustainability of that required pension income during retirement. It's important to understand that the figures that we provide you with are for illustrative purposes only. Salary Exchange Calculator Capped Drawdown Calculator International Bond Segments and Withdrawals Calculator. Once you click the 'Calculate risk' button, you can change the amount of income that you might take from income drawdown.īy looking at your retirement income needs, the tool will then calculate how likely you are to run out of money in retirement. ![]() Start by adding your total pension fund (after you have deducted any tax free and taxable cash lump sums). These charges are in line with the maximum Standard PRSA fees and charges. However, 104 of the 135 funds analysed consistently performed worse than at least half of their peers and were classified as poor performing 1 or 2-star funds. It will base the response on whether you're in excellent, reasonable, challenging or critical health. Our analysis of the 135 Standard Life pension funds identified that 4 received a top-performing 5-star rating with a further 4 funds rating as good 4-star performing funds. Compare rates across the whole market with Equity Release Supermarket. Our Drawdown Risk Calculator will help you to compare the income that you would receive from an annuity, with the same level of income taken with income drawdown. The value of investments can go down as well as up, and your clients could get back less than they paid in. Once you've used the tool you can save and print out your results to refer to later on if you wish. Since 2015, all former capped and flexible drawdown pensions have fallen within the definition of the Flexi-access drawdown (FAD). Income drawdown allows you to access your pension savings as and when you want, but as with all investments, there are risks involved. Our pension drawdown calculator considers all of the relevant factors, such as the amount of money available in your pension fund, to determine how much income you can expect. Since the pension freedoms in April 2015, more and more people are looking for more flexible ways to invest their pension savings. ![]()
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