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UK Retirement & Pension Calculators

Everything you need to plan a UK retirement, using current HMRC and DWP rates for 2026/27. Build your pot tax-efficiently, turn it into income with drawdown or an annuity, forecast and top up your State Pension, and plan for Pension Credit and Inheritance Tax.

Saving & allowances

Get the most out of every pound you put in — tax relief, the annual allowance, and the ISA vs pension decision.

Pension Tax Relief Calculator See the tax relief on your pension contributions, including the tapered allowance for high earners and carry forward. Pension Annual Allowance Calculator Check your standard, tapered or MPAA annual allowance and the carry forward available from the previous 3 years. Pension Allowances Reference Every annual and lump sum allowance by tax year, the taper, carry forward, and what replaced the lifetime allowance. ISA vs Pension Compare an ISA against a pension for retirement saving — tax relief in, tax on the way out, and access age.

Decumulation

Turn your pot into income — model flexible drawdown or weigh it against a guaranteed annuity.

Pension Tax Calculator Combine State Pension, private pension and other annual income to estimate Income Tax and monthly net retirement income. Pension Lump Sum Tax Calculator Estimate tax on UFPLS or tax-free pension cash after your other income and remaining Lump Sum Allowance. Pension Drawdown Calculator Tax on flexi-access drawdown or UFPLS withdrawals, with State Pension interaction and a pot sustainability projection. Annuity vs Drawdown Calculator Compare a guaranteed annuity income against flexible drawdown — how long your pot lasts and when the annuity's total income overtakes it.

State Pension

Forecast your State Pension, fill gap years, and check your National Insurance record.

State Pension Calculator Forecast your new State Pension from qualifying years and your State Pension age. State Pension Top-Up Calculator See whether paying voluntary Class 3 NI to fill gap years is worth it — cost, the pension boost, and your payback period. National Insurance Calculator Class 1 NI for employees, Class 2 and Class 4 for the self-employed, plus voluntary Class 3 to fill State Pension gaps. NI Class Identifier A short wizard to work out which National Insurance class (1, 2, 3 or 4) applies to you.

Low income & estate

Top up a low retirement income and plan what passes to your estate.

Pension Credit Calculator Check eligibility for Guarantee Credit and Savings Credit and estimate your weekly DWP top-up. Pension IHT 2027 Planner Plan for unused pensions falling inside your estate for Inheritance Tax from April 2027. Inheritance Tax Rates Reference The nil-rate band, the residence nil-rate band and its taper, and the 7-year gift taper table by tax year.

Frequently asked questions

How much can I pay into a pension tax-free each year?

The standard Annual Allowance is £60,000 for 2026-27, or 100% of your earnings if lower. High earners with adjusted income above £260,000 have this tapered down to a minimum of £10,000. You can also carry forward unused allowance from the previous 3 tax years.

What is the Money Purchase Annual Allowance (MPAA)?

Once you flexibly access a defined-contribution pension — for example taking taxable income via drawdown — your allowance for further contributions drops to the MPAA of £10,000 for 2026-27, and carry forward no longer applies to those contributions.

How much is the full new State Pension?

The full new State Pension is £241.30 a week for 2026-27, paid if you have 35 or more qualifying National Insurance years. With fewer years you get a proportional amount, and you can fill gaps with voluntary Class 3 contributions.

Should I choose drawdown or an annuity?

Drawdown keeps your pot invested and flexible but carries investment and longevity risk — you could outlive your money. An annuity trades your pot for a guaranteed income for life, removing that risk but losing flexibility. Many retirees blend both: an annuity for essential costs and drawdown for discretionary spending.

Related Calculators

Pension Lump Sum Tax Calculator

Tax on UFPLS and pension commencement lump sums after the tax-free portion and Lump Sum Allowance.

Pension Tax Calculator

Income Tax on State Pension, private pension and other annual income, including Scottish bands.

Equity Release Calculator

Lifetime mortgage loan-vs-equity projection with the no-negative-equity guarantee.
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