You must consider this investment alongside other forms of retirement provisions you have made or are considering, and other investments you may have.
These figures are for illustrative purposes only and are not guaranteed - they are not minimum or maximum amounts. What you will get back depends on how your investments grow.
The information provided by this calculator does not take into account the specific design of your Scheme. E.g. whether it is 'contracted-out' or not.
You could get back more or less than this and the value of investments can go down as well as up.
All product providers use the same rates of growth for illustrations but their charges vary. They also use the same rates to show how funds may be converted into pension income. The growth rates used may not necessarily be appropriate for pension vehicles that are invested in currencies other than sterling. Pension benefits may also be affected by fluctuations in exchange rates.
Do not forget that inflation would reduce what you could buy in the future with the amounts shown.
Your pension income will depend on how your investments grow and interest rates at the time you retire. Tax concessions are not guaranteed and could change in the future - this could affect the value of an investment.
This calculator takes no account of certain events, such as a break in career or stopping contributions, which may affect the final value of your pension fund. You should also read the assumptions on which this information is provided.
The information provided by this calculator must not be taken as investment advice. If you are unsure as to whether this investment is suitable or that your pension will result in your desired level of retirement income you should speak to a financial adviser.
Further information about this illustration can be obtained from your employer or by calling our helpline on 0845 300 1545.
Assumptions
The information provided by this calculator has been prepared using various assumptions specified by the relevant Legislation and associated Technical Memorandum. The illustration assumes the following:
Investment returns exceed salary growth by 4.5% pa, regardless of the products you choose to invest in.
Salaries will rise with inflation, and that inflation has been assumed to be 2.5% pa.
The pension is payable for life but for a guaranteed minimum of five years.
A spouse's pension of 50% of your pension is payable on your death after retirement.
Females are 3 years younger than their husbands.
Pensions increase during payment in line with inflation.
State benefits will be paid in addition to the pension shown.
The charges are assumed to be 1% per annum but please note that this will very likely be different to any Threadneedle fund that you may be invested in. You should check if you are unsure.
Future contributions are assumed to continue at the percentage rates shown until retirement.
Contributions are assumed to be monthly.
It is assumed that a cash lump sum is not taken at retirement.
This illustration does not reflect or take into account any death benefits other than a spouse's pension, based on the assumptions above.
