Our pension calculator will produce reduced and unreduced figures which illustrate the difference between voluntarily retiring and having your employment ended by your employer due to redundancy or business efficiency. As with My Pension Online, you don't need your employer's input to use the calculator and there's no limit to the amount of estimates you can produce. You will need your latest annual benefit statement to use the calculator, as it includes all the information you'll need.
You can use our pension calculator to produce an instant estimate of your pension benefits for any future date you might be thinking about retiring (up to the age of 75). You can either find out what your pension would be worth if you left employment and took your pension benefits straight away, or what your benefits would be if you decided to defer payment of your benefits until your State Pension age. Once registered you can find the value of your benefits and produce estimates at as many different retirement dates as you like, between age 55 and your State Pension age.
RETIREMENT DATE CALCULATOR HOW TO
You can visit My Pension Online for details of how to register for the service. If you're considering applying for flexible retirement or if your post is being made redundant, your employer must arrange an estimate for you. If you are close to retirement, you can ask us to work out a formal estimate which we'll send you through the post. You can use My Pension Online, or our pension calculator at any time to get an estimate of your pension benefits from us. If you're thinking about retiring at any age between 55 and 75, you may be starting to think about what pension you might receive.
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