If you’re hoping for a comfortable retirement, the golden rule is to start a pension as early as possible. Even if you only make modest payments to begin with, the taxman will make payments too and over the years, your fund should start to build up.
To help you work out how much retirement income you might get from a personal pension, use the Money Advice Service pension calculator below. It can also show the effect of changing things like your retirement age or how much you pay in.
You can use the calculator if you're planning to take your pension between your 55th (57th from 2028) and 75th birthday. Or if you're thinking of retiring later than this, just call us on 03456 10 20 40 and we'll work it out for you.
The Money Advice Service pension calculator is provided for your information and guidance only. It is not a formal quotation or guarantee of pension entitlement. See information and assumptions. If you are unsure, please seek independent financial advice.
The Money Advice Service pension calculator will open in a new browser window. Virgin Money receives no income from them and accepts no responsibility for the website content.