UK Retirement Calculator
Plan your British retirement with our calculator designed for the UK pension system. Includes State Pension planning, workplace pension projections, ISA strategies, and NHS healthcare considerations.
Estimate State Pension based on National Insurance contributions. Plan for full or partial pension entitlement.
Plan workplace pension contributions, SIPP investments, and take advantage of auto-enrolment benefits.
Maximize Stocks & Shares ISA, Cash ISA, and Lifetime ISA (LISA) for tax-free retirement savings.
State Benefits
- ✓ State Pension projections (£221.20/week max)
- ✓ National Insurance contribution requirements
- ✓ State Pension age calculations (rising to 67)
- ✓ State Pension deferral benefits
- ✓ Triple lock guarantee considerations
- ✓ Pension Credit eligibility
Private Savings
- ✓ Workplace pension auto-enrolment (8% minimum)
- ✓ ISA allowance optimization (£20,000 annually)
- ✓ Lifetime ISA bonus (25% government match)
- ✓ SIPP (Self-Invested Personal Pension) planning
- ✓ 25% tax-free lump sum calculations
- ✓ Pension drawdown strategies
State Pension Age
67
by 2028
Average Life Expectancy
81
years
Average Inflation Rate
3.5%
recent average
ISA Allowance
£20,000
2024/25 limit
FAQs - UK Retirement Planning
How much State Pension will I get in the UK?
The full new State Pension is £221.20 per week (2024/25). You need 35 years of National Insurance contributions for the full amount, with at least 10 years to qualify for any State Pension.
What's better: ISA or pension in the UK?
Pensions offer tax relief on contributions and employer matching but are locked until 55-57. ISAs offer flexibility and tax-free growth. Most people benefit from using both strategically.
How much should I have in my pension at 40 in the UK?
A common rule is to have 1x your annual salary saved by 30, 3x by 40, and 6x by 50. Our calculator provides personalized targets based on your retirement goals and State Pension entitlement.