• Clearly see the earliest age at which you can afford to retire, based on the income you've set in the Desired Retirement Income section.


• Instantly understand how increasing your monthly contributions can reduce your retirement age by months or even years.

• See your affordable retirement age for each of the three recognised living standards: Minimum, Moderate, and Comfortable.


• These standards are based on reliable, independent research from PensionsUK and are detailed on the official Retirement Living Standards website.

• Quickly see how your affordable retirement income changes under the Low, Intermediate, and High growth and inflation scenarios defined by the Financial Conduct Authority (FCA).


• These scenarios match those found in the pension statements you receive annually, providing direct comparability and confidence.

• Explore how annual charges affect your pension and ISA funds over time.


• Choose from Low (0.25%), Moderate (0.75%), and High (1.5%) charge scenarios.


• Clearly understand how fund charges impact your projected fund value and sustainable retirement income.

• Income Breakdown: A clear, colour-coded chart showing the sources of your after-tax retirement income (Pensions, ISAs, State Pension, etc.) each year.


• Fund Values: See how your pension fund and ISA will grow with investment return and contributions until retirement and then decrease as you withdraw funds in retirement, ending up at zero at the end of the projection.


• Charges: See the monetary value of the fees you will be charged each year, up to an during your retirement. You may be surprised how signficant your fund charges are in determining when you can retire.

• Today’s Money (inflation-adjusted figures) or Future Money (actual projected amounts).


• Easily toggle between viewing income as monthly or annual figures to enhance your retirement planning clarity.

• Retirement Income: View exact gross and net income from each source.


• Pension Fund and ISA Cashflow: Review opening and closing balances each year and clearly see all cash movements in and out.

• Quickly find clear and concise answers to the most common questions on retirement planning, grouped intuitively by category.


• Perfect for beginners and helpful even if you're not sure what questions you should ask.


• An ideal resource to build your knowledge and confidence around pensions and retirement.

• Tax Calculator: Clearly understand your tax and National Insurance contributions. View detailed breakdowns by tax bands, including specific calculations for the Scottish tax regime.


• Salary Sacrifice Calculator: Instantly see how different salary sacrifice levels affect your take-home pay and pension contributions.

• See your partner's retirement savings alongside your own, to easily understand your combined retirement income if you retire simultaneously.


• Instantly compare your projected income against the Retirement Living Standards (Minimum, Moderate, Comfortable) for couples, ensuring your planning aligns with real-world benchmarks.


• Identify opportunities to shift contributions between you and your partner, maximising your joint tax efficiency.

• Personalise your retirement budget using the spending categories used in the Retirement Living Standards research.


• Easily select Minimum, Moderate, or Comfortable levels for each category, or fine-tune exact amounts using sliders.


• The Retirement Living Standards are a helpful yardstick for assessing your retirement income needs, but are inherently one-size-fits-all. Being able to adjust each category of spending to your own specific needs provides you with a much more accurate and personalised retirement plan.

• Test the impact of redirecting contributions from your pension into your ISA, giving up the tax relief for greater flexibility and future tax-free withdrawals.


• Instantly see the impact of this on your earliest retirement age. The extent of the effect very much depends on your individual circumstances, along with the economic scenario you are using.


• Understand the value of pension tax relief you are giving up in exchange for greater financial flexibility.

• Go beyond FCA’s standard scenarios freely adjust your assumptions for Fund Growth, Inflation, and Charges.


• Explore the scenario of Stagflation with sustained High Inflation and Low Growth, a concerning possibility in today's economic and political climate.

• Stress-test your retirement plans by simulating a market crash.


• Choose the age at which the crash occurs and the percentage fall.


• See the impact on your retirement age of a sudden market crash just before you were planning to retire.


• Or if you are already retired, see the impact of your sustainable income if a crash were to occur. How much would you need to reduce your spending by?

• State Pension Age: See the effect on your earliest affordable retirement age if the state pension age is raised to 70.


• Tax Band Freeze: Tax bands are currently frozen until 2028. See the effect of a possible extension to this freeze on your retirement age. You can specify the number of extra years to freeze the bands.


• Tax Free Lump Sum Limits: See the impact on your retirement plans of a reduction of the 25% tax free lump sum maximum. Also see what would happen if the lifetime limit on tax free cash of £268,275 is reduced.

• Find the most tax efficient mix of Pension and ISA withdrawals above your personal allowance.


• The calculation initially prioritises pension withdrawals to ensure your personal allowance is fully utilised in the calculation of your retirement age. But after that it prioritises ISA withdrawals, until your ISA funds have been used up.


• This feature allows you to specify a Pension Withdrawal Priority for withdrawals above your personal allowance. You can plan to draw all ISA or all pensions or any mix in between.


• The optimum mix to minimise your total tax bill over your whole retirement depends on your specific circumstances and on the economic scenario you are modelling.


• Lowering your lifetime tax bill directly increases your affordable retirement income.

• Annuities provide a guaranteed income for life, removing the stress of volatile fund values and the risk of poor long term fund growth. They also insure you against living longer than were expecting to.


• They are back in fashion as annuity rates have increased dramatically over the last few years, driven by the rise in gilt yields.


• With this premium feature you can investigate purchasing an annuity for different amounts at different ages and see the impact on your sustainable retirement income.


• To ensure the rates used by the calculation reflect your circumstances and the latest market rates, an Annuity Rate Calibration Tool is also provided to align the conversion rates to the level that are currently available.

• Planning to boost savings after paying off a mortgage or when your children become independent?


• Specify the exact age and contribution increase to your pension and/or ISA and immediately see how accelerating savings impacts your retirement age.

• One very effective way to boost your early retirement spending, or retire earlier, is to plan ahead for lower income needs in your later retirement years.


• It is often the case that people slow down their activity once past their mid-70s. Your required spending may decrease. Specifically planning for this allows you to maximise activity in those early years.


• With this premium feature you can specify the age at which and by what percentage your income will reduce, in two separate steps, and instantly see how this strategy impacts your retirement income or allows an earlier retirement.

• If your final salary (or other defined benefit) scheme allows early retirement, this premium feature allows you to experiment with taking a reduced pension at various earlier ages than the scheme retirement age.


• You can enter your scheme’s specific early retirement factors for each age, if published, to get precise amounts for the early retirement benefits.


• Depending on your specific circumstances, taking a reduced benefit earlier may improve your long term tax position significantly.

Access to three additional charts relating to tax payments:

• Tax By Tax Band: See the breakdown of your tax payments in each retirement year split by tax band. This makes it easy to see how you might adjust your plans to reduce overall tax payments.


• Tax By Source: See how tax is calculated on each source of your income.


• Tax Free Allowance: See the cumulative tax free allowance as up to 25% of your pension income is tax free but only up to a lifetime maximum of £268,275. When this limit is reached you will see a significant increase in tax, so it is worth considering adjustments to your drawdown plan to avoid this.

• Understand your expected life expectancy based on your current age and sex.


• Use this valuable insight to effectively plan how long your retirement savings need to last.

• Export all your retirement calculations and cash flow projections directly to Excel for detailed analysis and record-keeping.


• The file contains separate sheets for Inputs, Assumptions, and Results along with a sheets for all of the chart data and tables.

• Currently in testing, an advanced AI solution has been designed to eliminate the hallucinations that make ChatGPT and its counterparts unreliable for factual information.


• Exactly how this has been achieved will remain a closely guarded secret, but hints will be revealed on release.


• Once live, you will be able to ask the AI any question about pensions and retirement planning and get a detailed, reliable answer.

• Instantly download a customised PDF summary of your retirement plan scenarios.


• Includes clearly presented charts, tables, and assumptions.


• Perfect for printing, record-keeping, or sharing with your financial adviser.

• Currently, the model assumes any tax-free lump sum is spent immediately.


• This feature allows you to gradually reinvest the lump sum into your ISA, considering annual contribution limits.


• Funds awaiting transfer to the ISA will grow at a lower rate, reflecting the impact of taxes until fully sheltered.

• Currently, the model only allows one ISA type, either cash or stocks and shares.


• This feature will let you simultaneously model both Cash and Stocks & Shares ISAs, providing a more realistic approach.


• It also enables the use of a crash-resilient drawdown strategy (detailed in the next feature).

• A cash buffer can significantly reduce the impact of a market downturn on your retirement income.


• Specify a cash buffer size in months of future income, which the model maintains automatically.


• During market crashes, divestments from stocks to cash are paused, protecting your funds from further losses until recovery begins.


• Clearly see both the trade-off in returns due to holding more cash and the benefits during downturns.

• Easily check if paying voluntary National Insurance contributions to boost your State Pension provides good value.


• Quickly see how extra contributions translate directly into higher lifetime pension income.

• Explore historical averages for inflation and investment returns for any chosen period.


• Select start and end years and choose from multiple financial indices via easy-to-use dropdown menus.


• Gain valuable insights to inform your assumptions based on real historical data.