Pension Calculator
The calculator is quick and easy to use. Simply fill in the required fields, or move the sliders and the calculator will automatically display the figures for your projection. Please note that the actual pension you receive will be affected by future changes in things like interest rates and inflation. This means that we have to make some assumptions about the future based on what we know today. To view the assumptions in more detail, please scroll down or click here.
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About You	Contributions & Withdrawals
Current Age Retirement Age Current Pensionable Pay 9 Existing Fund Desired Annual Income	Monthly Employee Contributions (as a % of salary) 0.00 % Monthly Employer Contributions (as a % of salary) 0.00 % Additional Voluntary Contributions (as a % of salary) 0.00 % Tax Free Cash Withdrawal (as a % of the total fund) 0.00 %
Cost of Delay		Projections
Period of delay (in years) Reduction in total pension fund 0.00 Reduction in annual income 0.00 Reduction in income as a % 15%		Required Rate of Return   % Projected total pension fund 0.00 0.00 Projected annual income (actual) 0.00 0.00 Projected annual income (as a % of your current salary) 10% Desired pension fund shortfall 0.00 Required lump sum topup 0.00 Required monthly contribution topup 0.00
Assumptions
Investment growth: Your pension fund will grow by the specified required rate of return every year until you retire. Inflation: The cost of basic goods and services will rise by an average of 7% a year until you retire. Pension fund charges: The cost of providing your pension will be charged at 2.0% of your fund. Income tax rebates: The Government will add a full tax rebate to your contributions, so that for every N1 that goes into your fund, nothing goes to the Government as tax. Annuity rates: When you retire, your pension fund is used to buy a pension income, called an annuity. We have estimated that annuity rates might be 5% when you retire. Life expectancy: The average age that people are expected to live to is 80, based on a retirement age of 60 and an annuity rate of 5%. Monthly contributions: You keep up regular monthly payments from now until you retire. Contribution increases: Each year you increase your monthly payments by a minimum of 5%. Current Pensionable Pay: This comprises of your Basic salary, transportation and housing allowances.