Free estimate · for people aged 55 and over
WHAT COULD YOUR PENSION PAY? WHAT COULD YOUR PENSION PAY?
It is common not to have seen retirement figures set out clearly before. This free estimate takes about two minutes and gives a simple starting point.
- Free to use
- Simple step-by-step questions
- No obligation
This is an illustration, not a provider quotation or personal recommendation. Actual rates, income and product terms will depend on the provider, product and your circumstances.
See what your figures could support
Put in a few figures to see a clear estimate, the gap if there is one, and the main areas that could change the picture.
- One clear headline estimate
- A full 2% to 5% breakdown when you choose to open it
- Practical areas you could explore
- A personalised report after you ask for it
Let’s make the estimate yours
Enter your first name to personalise what you see.
Tell us about the income you have in mind
Use rough figures if that is all you have. You can change them before viewing the estimate.
Your estimate is ready
This is a starting point, not a pass or fail.
Your central estimate
See the full 2% to 5% breakdown
These are mathematical illustrations, not forecasts or provider quotes. Each row uses the same pension or savings amount, monthly target and timeframe.
| Assumed AER | Estimated monthly income before tax | How long the target may last | Position for your selected period |
|---|
Rate this model would need to meet your target: —.
This is a mathematical result. It does not mean that this rate is available, guaranteed or suitable.
What the full report adds
Your headline estimate is shown above. The emailed report brings the fuller comparison and next-step questions together in one place.
You have already done the useful part
You do not need a finished plan before asking a question. Many people start with a rough target and a few figures.
Your full personalised report will open on this page. It includes the 2% to 5% comparison, the figures behind the central estimate and a summary you can keep or print.
Choose email or WhatsApp in the report form. We will review what you entered and come back to you within one working day.
Your headline estimate stays on this page. The detailed report opens after you enter your details, choose email or WhatsApp and press the review button.
Important information and useful links
How the estimate works, its main limits and independent sources of information.
How the estimate works
The estimator converts each AER into an equivalent monthly rate and assumes withdrawals are made monthly in arrears.
The estimated sustainable income is the amount that would reduce the private pension or savings entered to approximately zero at the end of the selected period.
Any State Pension shown is a separate income source. It is not used to decide whether the private pension or savings supports the target.
Risks and limits
- The 2%, 3%, 4% and 5% rates are fixed assumptions used to show possible outcomes. They are not forecasts, provider quotes or promises of return.
- Actual guaranteed rates, income and product terms will depend on the provider, product and your circumstances.
- Many fixed-rate products lock capital or restrict withdrawals, so they may not be suitable for the payment pattern shown by this estimator.
- Charges, tax and inflation can reduce the income supported. Taking money from a private pension can reduce how long it lasts.
- Private pension income and State Pension may be taxable.
- State Pension age is regularly reviewed, and the amount you receive depends on your National Insurance record.
- This estimate does not assess your wider finances, objectives, attitude to risk, capacity for loss or other personal circumstances.
Before making a decision
Check your exact details using these independent sources:
- GOV.UK State Pension age
- Your State Pension forecast
- Your National Insurance record
- GOV.UK guidance on tax and pensions
- MoneyHelper guidance on taking a pension
- FSCS information about protection
These links open in a new tab. Heathcote Financial Planning does not control the content, availability or privacy practices of third-party websites.
Your report is open below
You can read, print or save the full report now.
Steve will review the figures and reply using the contact method you selected.
Your retirement income report
The purpose of this report is comparison. It shows the same starting figures at 2%, 3%, 4% and 5% AER so the differences are easy to see. It is an illustration, not a quotation or a personal recommendation.
Thank you for using the Heathcote Retirement Income Estimator.
Steve will review the figures and the question you selected.
With regards,Heathcote Financial Planning Team
This is an illustrative comparison based on the information entered. It is not a personal recommendation. Income figures are before tax; the tax paid, if any, will depend on total income and tax position.
One guaranteed-income option
One way to create guaranteed income: a lifetime annuity
Guaranteed-income arrangements differ. A lifetime annuity is one option: it can turn some or all of your pension into regular income for the rest of your life. The income available and the right approach will depend on your circumstances, the provider, the product and the options you choose.
Regular income for life
Once established, a lifetime annuity pays a regular income for the rest of your life, subject to the provider’s terms.
Plan for ongoing costs
Guaranteed income may help you plan for regular expenses such as household bills, food, transport and other essential spending.
Your choices affect the income
The starting amount can change depending on whether the income stays level, increases over time or continues for a spouse or partner.
Important: An annuity is normally a long-term and irreversible decision. The income available will depend on provider rates, your age, health, lifestyle and the options selected. This is an illustration, not a provider quotation or personal recommendation.
Would it help to talk through your estimate?
Most people who use the estimator have never seen these figures set out before, and many do not have a retirement plan yet. That is completely normal.
Steve can explain what the figures mean and the choices that may affect the income available. He will be straightforward about whether financial advice is likely to be useful and will say so if it is not.
An initial conversation gives you time to ask questions and explain what you want from retirement. There is no obligation to proceed.
What clients say about our pension advice
Real experiences from clients who wanted greater clarity and confidence when making decisions about their pensions and retirement.
“My experience with Heathcote Financial Planning has been very positive. They have always acted promptly on my instructions, taken the time to listen to my personal circumstances, and provided sound investment advice based on my needs. I have appreciated their professional approach and would recommend Heathcote Financial Planning to anyone seeking pension advice.”
“Great pensions advice clarifying my options, especially regarding risk and returns at retirement. Given the wide range of options and providers available, I found it extremely helpful talking to an independent whole-of-market financial adviser.”
Your estimate is a starting point, not a verdict
Most people we speak to do not yet have a clear retirement plan. Email Steve to ask him to review your figures and set out the options you may want to consider.
We usually reply within a few hours during office hours: Monday to Friday, 9.15am to 5.00pm. Messages sent outside these hours will be answered on the next working day.