Notes:
The calculator does not take into account what you may receive in state benefits or from any other source. Please note, the calculation is only a guide and cannot be guaranteed. It does not represent a quotation of what you might receive. Actual figures will vary in individual circumstances.

These figures are based on a Stakeholder Pension and assume a yearly investment growth rate of 7% with fund charges of 1% each year.

We have assumed that your monthly payments increase annually in line with the Retail Prices Index (RPI).

We have also assumed that the RPI rises by 2.5% every year.

This calculator assumes you are a basic rate tax payer and that tax relief will be added to the payment you pay. The payment shown is the actual amount you would pay.

The figures assume the annual income is paid in monthly instalments at the start of each month for the rest of your life and increases at 3% every year with a 50% spouse's pension.

There are certain limits relating to how much you can pay into your pension.

Tax rules can change. The value of an investment is not guaranteed and can go down as well as up 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.