UK Pension Calculator
Estimate your workplace or SIPP pension pot at retirement including employer contributions and tax relief.
Details
Result
Pension at Retirement
£494,154
Total Contributed
£159,000
Growth
£335,154
25% Tax-Free Lump Sum
£123,538
75% Taxable Drawdown
£370,615
How UK pension tax relief works
Basic-rate (20%) relief is added at source — your £80 contribution becomes £100 in your pension. Higher-rate (40%) and Additional-rate (45%) taxpayers claim the extra 20-25% via self-assessment. This calculator assumes you\'ve already accounted for relief in the contribution amount.
Access from age 55 (rising to 57 from 2028)
Take 25% of your pot tax-free as a lump sum. The remaining 75% is taxed at your income rate when drawn — ideally drawn gradually to stay in the basic-rate band.
Frequently Asked Questions
Everything you need to know, in one place.
What is pension tax relief?
Basic-rate taxpayers get 20% relief automatically (your £80 contribution becomes £100). Higher-rate (40%) and additional-rate (45%) taxpayers claim the rest via self-assessment.
Lump sum tax-free at retirement?
You can take 25% of your pension pot tax-free from age 55 (rising to 57 from 2028). The remaining 75% is taxed as income when drawn.
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