PF Calculator

Pension Calculator

Welcome to the SSAS Pension PF Calculator – your strategic partner in planning for a secure and prosperous retirement. This powerful tool empowers you to take control of your financial future, providing insights and projections based on your unique circumstances.

Essential Inputs for Retirement Planning

To initiate your retirement plan, furnish the following key details:

  • Date of Birth (DOB): Enter your birth date to determine your current age.
  • Retirement Age: Choose the age for envisioning your retirement journey.
  • Current Fund: Indicate the current value of your pension fund.
  • Fund Value Date (FV Date): Select the date for evaluating the fund value, ensuring relevance to your financial assessment.
  • Annual Return: Estimate the annual return on your investments, considering historical performance and market expectations.
  • Inflation: Account for inflation to maintain the purchasing power of your funds over time.

Anticipated Retirement Date

Discover the expected date when you can embark on your retirement journey – a moment to look forward to as you plan for a life of leisure, travel, and personal pursuits.

Unveiling Your Retirement Fund’s Future

Uncover the outcomes of the calculations, offering valuable insights into your pension fund:

  • Total Fund Value at Retirement Date (DOR): A projection of your pension fund’s total value at the time of retirement, helping you visualize the potential outcome of your investments.
  • PCLS (Tax-Free Cash Lump Sum): Learn about the tax-free lump sum available at retirement, providing liquidity for immediate needs or desired experiences.
  • Remaining Balance: Understand the balance that remains in your pension fund after withdrawing the lump sum, serving as a financial foundation for your retirement years.

Capped Income Drawdown calculator

This calculator is designed to work out the maximum income that you could take from a SSAS
via Capped Drawdown based upon factors such as your age and the current Gilt Index Yield

Calculate

Learn How Your SSAS Pension Grows and Pays You Over Time

OUTCOMES

If you retire in 15 years, your total SSAS fund at retirement is projected to be £780,000. Over this period, you will have made total contributions of £375,000, benefiting from £93,750 in tax relief.

Thanks to tax-free growth, your fund will have increased by £210,000. At retirement, you will be eligible to withdraw a tax-free lump sum of £195,000, leaving £585,000 available for drawdown.

Your estimated annual pension income after tax is expected to be £24,000.​

Our SSAS consultant will be in touch with you shortly with further details.

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SSAS Pension Fund Projection: Growth, Tax Benefits and Withdrawals

SSAS Pension Fund Projection: Growth, Tax Benefits and Withdrawals

In-Depth Analysis of Your Retirement Fund

Delve into the specifics with a breakdown of factors influencing your retirement fund:

  • Rate to Use: A calculation using an approximate rate of 5.7%, reflecting the expected growth of your investments.
  • Pre-Commencement Pension (Pre Com Pen): Explore the potential pre-commencement pension available before your retirement date, offering flexibility in your financial planning.
  • Estimated Annual Pension after PCLS: Post-retirement, gain insight into the anticipated annual pension income, providing a steady stream of income.

Tailor Your Retirement Plan

  • Scenario Analysis for Better Decision-Making: Experiment with different scenarios by adjusting inputs to understand how changes may impact your retirement plans, enabling you to make informed decisions aligned with your financial goals.
  • Set Financial Goals for Retirement: Consider setting specific financial goals for retirement – whether it’s travel, hobbies, or supporting loved ones. See how adjustments to contributions or retirement age can align with those goals.
  • Seek Professional Financial Advice: While this calculator offers valuable insights, always seek professional financial advice to tailor a retirement plan that suits your unique situation, ensuring a secure and fulfilling retirement.

Begin your journey to a confident retirement with the SSAS Pension PF Calculator, empowering you to make informed decisions and build a financially secure future!