This tool provided by the FSA’s Money Made Clear Website allows you to enter your retirement age, existing pensions and any new pension contributions you may be thinking about making. It will then calculate your tax free cash amount and pension income during retirement. If you are thinking of saving more into your pension then this may help convince you that the extra contibutions now will enhance your quality of life during retirement.
Try it for yourself Pension Calculator - How much retirement income will I receive?
Tags: Pensions
Entries (RSS)