Assumptions Used

As we have established your retirement forecast form is solely based on the information you provide and the underlying assumptions contained within the calculator. This assumptions have been set using figures and estimates obtained from various providers and governement bodies where appropriate.

The default assumption set is listed below:

 Life Expectancy Office of National Statistics by age

Current Employment Continue until retirment

Current Pension Contributions Continue until retirment

Method of Pension Benefits Flexible Access Drawdown

Inflation (CPI & RPI) 2%

Average Earnings 2%

Income Tax Regime UK Excluding Scotland

Increase to Income Tax Bands 2%

Pension and Investment Growth Rate 4.5%

Pension and Investment Charges 1%

Annuity Rate 5%

Annuity Esclation CPI

Annuity Death benefit 50% of income

Annuity Guarantee Period 5 Years

If you would like any changes to these assumptions this can be requested in the notes section at the end of our Retirement Forecast Request Form