Certain assumptions have been used for this calculator:
Growth rates: The calculator assumes a growth rate of 7%, should you require a calculator at a different rate of return you should seek advice from a qualified financial adviser.
Inflation: Inflation is assumed at a rate of 3.5% compounded through the period of investment, the real level of inflation over the period you select could be more, less or the same as this assumed rate.
Assumed rate of Income In retirement from your pension: The retirement income calculator assumes a rate of return or income from your pension at 5% in retirement. However, the value of income you could receive at retirement will depend on a number of factors and you should seek advice regarding this from a qualified financial adviser.
Certain investments carry a higher degree of risk than others and are, therefore, unsuitable for some investors. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your initial investment. Where an investment involves exposure to a foreign currency, changes in rates of exchange may cause the value of the investment, and the income from it, to go up or down. Before contemplating any transaction, you should consult your financial adviser.