Before you start
- The current value of your pension(s)
- How much (or the percentage) you and your employer pay into them
The planner uses the HMRC UK Personal Allowance and tax bands for England and Northern Ireland from 6 April 2020 to 5 April 2021. Scottish and Welsh income tax thresholds may differ.
- When you plan to retire, or start taking money from your pension(s)
Remember, the retirement planner only gives you an estimate and your future income may differ significantly from the illustration provided. It isn’t intended as a recommendation or personalised advice.
If you do want to make changes to your pension, we strongly recommend you talk to a financial adviser. If you would like more information about getting financial advice, visit our financial advice webpage.
Pension Wise
This government service offers free and impartial guidance on your retirement options, either over the phone or face to face.

Pension articles
Take a look at our library of helpful articles and guides.

Taking all your pension in cash
See the impact of withdrawing your pension money as one lump sum – and what you can do instead.
More on taking a lump sum

Leave your money where it is for now
Not touching your money right away could make a difference to the size of your pension pot.
See what could happen to your pot

Mix and match your retirement options
Choosing a few retirement options (rather than just one) could help you get the retirement lifestyle you're after.
Choose a few retirement options

Coronavirus and your retirement
If you’re planning to retire in 2020, we explain how the coronavirus pandemic could affect your pension.
Read more

What’s the difference between financial guidance and advice?
Financial guidance or advice can be a huge help when it comes to money matters. See how our experts can help you plan your retirement.
Explore guidance and advice

Taking part of your pension
There are a few different ways to take your money as you approach retirement. See your options on withdrawing part of your pension money.
Take some of your money