Pre Retirement Pensions

This Pension Funding calculator provides an indication of the clients’ expected PCLS from the Money Purchase fund and pension at retirement. Output Once existing (Money Purchase & Defined Benefit) pension details are input, the Pension Funding calculator will show expected benefits at retirement. Then, based upon the client’s objective for either; This will show: 1.  the net...

The Pension Charges calculator enables you to compare the charging structure of different plans. Pension charges are an important factor to be taken into account when considering transferring from one plan to another. This can sometimes be difficult if the fund projections for each plan assume different growth rates. Inputs General details of the arrangement are input, such as...

The Annual Allowance is the amount of pension savings that benefits from tax relief in any one tax year. The Annual Allowance for 2026/27 is £60,000*. Since 6th April 2016, the Annual Allowance is tapered for certain individuals, so the Carry Forward calculator is in 2 parts; – The first part calculates the ‘tapered’ Annual...

A Defined Benefit scheme will usually be a Final Salary scheme or a Career Average Revalued Earnings (CARE) scheme; A Final Salary scheme calculates the retirement pension based upon the (final) pensionable salary at retirement (which could be averaged over a number of final years), divided by the scheme accrual rate, and multiplied by the...

If a client is looking to pay a personal pension contribution or receive a bonus, then they may consider establishing a salary/bonus sacrifice arrangement so that the employer pays the pension contribution on their behalf. If a salary sacrifice arrangement is to be set up, there is the option within the calculator to choose either; a. The...

The Property Purchase Funding calculator demonstrates the feasibility of a pension scheme being able to purchase a commercial property. Once details of the commercial property and pension scheme are input, it will show the initial amount of how much the cash flow of the company has improved. Output The property purchase Funding calculator also shows the cash...

The Pension vs ISA investment calculator provides a basic comparison of the fund values of a pension and ISA investment based upon an initial level of investment. Pension vs ISA investment Following the 2014 Budget announced the new proposed flexibility of withdrawing income from pension funds, there is a lot more interest in pensions and whether...

The Pension v Lifetime ISA (LISA) calculator provides a basic comparison of the fund values of a pension and LISA based upon a regular annual investment amount. The March 2016 Budget announced the introduction of LISA. It will be available to UK resident savers who are under the age 40 in April 2017 (i.e 18-39). The objective is to help...

Normally it can be quite straightforward to compare the tax advantages of whether an individual should stay in a Defined Contribution pension plan and continue contributing or to opt-out. For example. Assuming a gross contribution of £10,000, and at retirement (ignoring tax efficient growth) the benefits will be taken as 25% tax-free cash of £2,500...