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Calculate how much you could draw from your £0 pension fund.
Step 1 How much tax-free cash do you wish to take?
You can take up to 25% of your £0 pension savings as a tax-free1 cash lump sum straight away. Use the slider to choose how much tax-free1 cash you wish to take. Your remaining savings will be invested in your drawdown fund.
You have selected to take £ as tax-free cash. The remaining £ will be invested in your pension drawdown fund.
Step 3Select a level of investment growth for your pension drawdown fund2
Each Drawdown fund offers a different level of potential return in exchange for a differing level of investment risk. Generally, the greater the potential return the greater the risk. Use the slider to select the level of investment growth you wish to use for this calculation.
Results Your Personalised Pension Drawdown Results
Your drawdown fund is likely to last you 3 if you take an income of £ per year from your initial £ investment and achieved a % growth rate per year.
On your 120th birthday your fund is likely to be if you take an income of £ per year from your initial £ investment and achieved a % growth rate per year.
Based on your current selections and life expectancy statistics4 there is a chance of outliving your drawdown fund.
Next Step For more information on drawdown call Freephone 0800 975 5151.
1 Some people can take more than 25% tax-free cash and some less. This depends on your individual circumstances and may change in the future. Taking tax-free cash from your fund will reduce the amount available to purchase your income which could in turn reduce your income.
2 The value of investments and the income derived from them may go down as well as up. There is no guarantee of investment performance meeting future income needs.
3 Figures provided are indicative. Annual charges have been included but please note these may change based on your investment fund selection. For a personalised illustration, please call us on Freephone 0800 975 5151.
4 Source: ONS Single‐year Life Expectancy, UK 1980–2020
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