Thinking about retirement, do you know when you can? Or even if you can? Try our Wealth Calculator
Thinking about retirement, do you know when you can? Or even if you can? Try our Wealth Calculator
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The figures given should be taken for illustrative purposes only. All calculations have been made using a 4% annual return net of tax or charges, and do not take inflation into account. In reality, investments will be variable each year. The monthly investment is assumed to remain the same for the entire term. Under present pension legislation, a cash sum of up to the value of 25% of the pension fund can be taken tax free. The remainder can be used to create a retirement income from the capital. There are risks associated with cashing in your entire pension fund.
Please note: figures provided are for illustration purposes only and do not constitute financial advice. Past performance of an investment is no guide to its performance in the future. A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
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