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Cost of delay calculator

Don’t wait to start your pension

Putting off organising a pension plan is easy to do but it could have a long lasting effect. Starting a pension earlier rather than later could make a big difference to the size of your pension pot and the income you are able to get in retirement.

This calculator will help you to work out the possible benefit of starting to save towards your pension now rather than in 5 or 10 years.

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Notes to be read alongside the calculator

Please ensure that there is a minimum of 10 years between the age you are now and the age you would like to retire.

Under current Government rules, from 6 April 2010, the normal minimum pension age is 55.

These figures are based on a Stakeholder Pension and assume a yearly investment growth rate of 5% with fund charges of 1% each year.

We’ve assumed that your monthly payments are level and don’t increase.

Tax rules can change. The value of an investment is not guaranteed and can go up as well as down depending on investment performance (and currency exchange rates where a fund invests overseas). You could get back less than you invested.

This calculator is for illustrative purposes only. You should review your needs with a financial adviser before investing. Key Features, together with a projection which is personal to your circumstances will be provided before you make a decision to invest.