UK Pension Calculator
Calculate pension contributions, growth projections, and retirement income planning
Updated for Tax Year 2025/26
UK Pension Calculator
Plan your pension contributions and retirement income with workplace pensions, SIPPs, and state pension projections
Pension Type
Personal Details
years
Your current age
years
When you plan to retire
£
Gross annual salary
% per year
Annual salary increase
Workplace Pension
% of salary
Your contribution percentage
% of salary
Employer matching percentage
Use salary sacrifice for additional tax/NI savings
£
Existing pension pot value
Investment Assumptions
% per year
Expected annual investment return
% per year
Total annual management charges
% per year
Long-term inflation assumption
Include state pension in projections
Retirement Income Summary
Total Pension Pot
£425,000
Annual Income
£17,000
Monthly Income
£1,417
Tax-Free Lump Sum
£106,250
Contribution Analysis
State Pension Projection
Tax Relief Benefits
UK Pension System Overview
Annual Allowance: £60,000 for 2025/26 (reduced for high earners with adjusted income over £260,000).
Tax Relief: Contributions receive tax relief at your marginal rate (20%, 40%, or 45%).
State Pension: Full new state pension is £221.20 per week (2025/26) requiring 35 qualifying years.
Retirement Access: Pensions can be accessed from age 55 (rising to 57 in 2028). 25% can be taken tax-free.
UK Pension Information 2025/26
Contribution Limits
- Annual Allowance: £60,000
- Minimum auto-enrolment: 8% total
- Employee minimum: 5%
- Employer minimum: 3%
- Carry forward: 3 previous years
- Lifetime Allowance: £1,073,100
Tax Relief & Benefits
- Basic rate relief: 20% on contributions
- Higher rate relief: 40% total relief
- Additional rate relief: 45% total relief
- Salary sacrifice: Save NI contributions
- Tax-free growth within pension
- 25% tax-free lump sum at retirement
State Pension 2025/26
- Full new state pension: £221.20/week
- Annual amount: £11,502.40
- Qualifying years needed: 35
- Minimum years for any pension: 10
- State pension age: 66 (rising to 67)
- Triple lock protection
Retirement Planning Tips
- Start early to benefit from compound growth
- Maximise employer matching contributions
- Consider salary sacrifice benefits
- Review and increase contributions regularly
- Diversify across different pension types
- Plan for healthcare and care costs