George has a pension pot of ##pension_pot## and will carry on paying ##contribution## a month gross into it for the next ##term_left## .
George knows the longer he pays into his pension fund the more he’s likely to get from an annuity which is why he’s made this choice.
When it’s time for him to retire, he plans on taking his 25% tax-free lump sum and buying an annuity with what’s left. So he could get around ##annuity_income## a month until the day he dies.
George will be entitled to the new State Pension which is currently £185.15 per week at his State Pension age.