Retirement income calculator

RETIREMENT INCOME CALCULATOR — IMPORTANT INFORMATION

This calculator provides hypothetical retirement planning illustrations for general information and educational purposes only. The results are based on information entered by the user and selected assumptions regarding inflation, investment returns, savings contributions, retirement income, existing pension benefits and planning age. All retirement income figures are gross amounts before income tax. The calculations exclude investment management fees, platform fees, financial adviser fees, product charges, transaction costs and applicable taxes. Actual costs may materially reduce investment returns, available retirement income and capital sustainability. Investment returns are not guaranteed. Actual performance may differ materially from the assumptions used, and capital losses are possible. Past performance is not necessarily indicative of future performance. The calculator assumes simplified investment growth and does not fully model market volatility, sequence-of-returns risk, changes in legislation, unexpected expenses or individual longevity. Existing pension income is modelled using the information supplied by the user. Actual pension increases, payment periods and guarantees depend on the relevant pension arrangement. The default planning age of 95 is an illustrative assumption and is not a prediction of life expectancy. The assumption of zero capital remaining at the planning age is a modelling choice and does not guarantee that the client’s capital will last until that age. Living annuity income is subject to investment risk, longevity risk and applicable drawdown limits. Guaranteed life annuity benefits depend on actual insurer quotations and policy terms. No guaranteed annuity quotation is provided by this calculator. The results do not constitute personalised financial advice, legal advice, tax advice, an investment recommendation, a product quotation or a guarantee of retirement income. A suitably qualified and authorised financial adviser should be consulted for a personalised retirement needs analysis.