Pension Calculator

Plan Your Retirement with Confidence: SSAS Pension Calculator

Our SSAS Pension Calculator is here to help you understand how much you could save and what your pension might look like. Whether you’re a company owner looking to make smart investment decisions or someone planning for a secure retirement, this tool offers an easy way to estimate your future finances.

How Does It Work?

Simply input a few details, and the calculator will estimate:

  • Your Potential Pension Income: How much you might receive annually or monthly during retirement.
  • Maximum Drawdown:The largest amount you could take from your pension pot each year under current rules.
  • Drawdown Explained: Drawdown allows you to withdraw money from your pension while the remaining funds stay invested. You can choose flexible amounts, but there’s a cap if you’re in a capped drawdown scheme.

Why Use a SSAS Pension Calculator?

  1. Clarity for Company Owners: Understand how contributions through your Small Self Administered Scheme(SSAS) can work for you and your business. SSAS pensions allow unique opportunities like investing in commercial property or even your own business.
  2. Set Realistic Goals:Discover how much you need to save to achieve your dream retirement lifestyle.
  3. Flexibility for Your Future: Test scenarios by adjusting retirement age, income growth or investment performance to see the impact on your pension pot.
  4. Explore Options: Find out how current gilt yields (the return on government bonds) might affect your maximum drawdrown.

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

Maximum Annual Pension Income

1000

Age

35

Gilt Index Yield

4.21

Payable

1.5

Get Started

How to Use the Pension Calculator

  1. Input the Basics: Enter details like your date of birth (DOB), your planned retirement age and the size of your pension fund.
  2. Factor in Glit Yields: Select the current Glit Index Yield (%), which affects your capped drawdown.
  3. Adjust Scenarios: Play with different contributions or growth rates to see how changes impact your retirement fund.
  4. Review Your Results: Get an illustration of your future pension and potential income.

Important Note

This calculator provides illustrative estimates only. The figures aren’t guaranteed and depend on market conditions and personal circumstances. For personalised advice and to explore tailored pension strategies, book a no-obligation call with one of our experts.

Example Scenario

Let’s say:

  • You’re 40 years old and plan to retire at 60.
  • You have £200,000 in your SSAS.
  • The current glit yield is 1.5%.

With steady contributions of £1,000/month and a 5% annual growth rate, the calculator might show:

  • A retirement fund of £800,00.
  • A maximum annual drawdown of £32,000.

(Adjust inputs to explore different scenarios!)

Why Retirement Planning is Essential

  • Increased Life Expectancy: You’ll need your pension to last longer.
  • Rising Costs: Inflation means you’ll need more to maintain your lifestyle.
  • SSAS Advantages: Maximise your tax efficiency and investment potential.

Don’t leave your retirement to change. Use our calculator as the first step, then speak to one of our consultants to build a bespoke plan tailored to your goals.

Call to Action

Your retirement deserves a solid plan. Use our SSAS Pension Calculator as your first step, the book a consultation with our expert team to turn your estimates into a be spoke pension strategy. Start planning today for a financially secure tomorrow.