To be able to calculate your forecast, we’ve had to make some assumptions:

  • That your pension will grow at 5% each year, because of the way it’s invested. This 5% growth is after our 0.75% fee has been taken, but your fee will depend on the total value of your pension

  • The total value of your fund adjusts for inflation at a 2.5% rate

  • That your monthly contributions will continue, at the same amount as they are, until your selected retirement age

  • That tax relief for pension contributions will stay the same as it currently is

  • That your income in retirement is shown before any income tax liability.

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