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See how much you income you’ll have in retirement
Our pensions calculator, powered by our partner Profile Pensions, can give an estimate of how much money you might have by retirement.
Open a new private pension plan and combine your old pensions with Profile Pensions...
The pension calculator is easy to use. Just add in your information and you’ll see an instant private pension forecast.
We’ll need to know a bit about you. Register yourself as a homeowner to see secured loans in the results.
Provide an estimate of your current pensions savings if you know how much you have in the pot.
Let us know roughly how much you’re putting into your pensions savings on a regular basis.
See your estimated pension value, income and tax-free lump sum – with or without State pension.
The Pension Calculator is powered by our partner Profile Pensions. It can be used for illustrative purposes and can give you an estimate of what you might be able to expect in retirement.
To do the pension forecast for you the calculator must make a number of assumptions, including:
An assumed rate of inflation and investment return
Assumed pension fund charges
That your contributions will rise in line with inflation
State pension age of 67
The calculator doesn’t take into account tax charges which may apply when you withdraw your pension at retirement – or on any contributions that exceed your allowances.
How much pension you’ll need to be able to retire comfortably will depend on your own personal and financial circumstances. It also depends on how long you intend to keep working and what sort of lifestyle you want to have in later life.
Some people use the ballpark figure of saving around 10 times your salary by retirement age. But this is merely a guide and what you actually need to save for retirement will be personal to you.
We have a range of helpful guides which cover how pension saving works.
Here’s how to get a personalised pension plan with Profile Pensions:
Sign up and complete a questionnaire to understand your attitude to risk
Receive a personalised pension plan tailored to you
Add regular or one-off contributions, or transfer over existing pensions
Capital at risk. This website does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact your Profile Pensions dedicated adviser. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change. MoneySuperMarket.com Ltd is an Introducer Appointed Representative of Profile Pensions, a trading name of Profile Financial Solutions Limited which is authorised and regulated by the Financial Conduct Authority. FCA number 596398. Registered in England & Wales, Company Number 07731925. Registered office address: Norwest Court, Guildhall Street, Preston, PR1 3NU.
If your income has increased you could put more into your pension. If this is a private pension this will mean more tax relief and your pension pot could grow more quickly. If you have a workplace pension and your salary has gone up, it’s likely your own monthly pension contributions – and your employer’s contribution – will automatically increase, as the amounts are calculated based on a percentage of your salary.
All employers in the UK must contribute into a pension scheme for their staff. All eligible staff (there are some exceptions based on employee age and annual pay levels) are auto-enrolled into the company scheme. The idea is that the employee and employer both contribute and tax relief is added to boost the savings pot.
You can’t usually access a personal pension until age 55. Work and company schemes may have a retirement age, which is also likely to be over 55. The current State pension age is 66 for men and women. This is due to rise to 67 and then to 68 from 2037.
Yes, you can have both a private pension and still get the State pension. Your National Insurance contributions record is what counts toward the State pension. So if you’re paying NI then you could be entitled to some or the full State pension. You can find out more about the State pension and get a personal forecast from the Government.
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