Pension Contribution Calculator
Project your pension pot at retirement by entering your salary, employee and employer contribution rates, and expected growth.
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Frequently Asked Questions
What is a defined benefit pension vs defined contribution?
Defined benefit (DB): employer guarantees a specific monthly benefit in retirement based on salary and years of service. Defined contribution (DC): employer and/or employee contribute to an individual account (like a 401k); the retirement amount depends on contributions and investment performance.
How is a final salary pension calculated?
Typical formula: Annual Pension = Years of Service × Accrual Rate × Final Salary. With 30 years, a 1/60th accrual rate, and £40,000 final salary: 30 × (1/60) × £40,000 = £20,000/year.
What is an employer pension match?
Many employers match employee pension contributions up to a percentage of salary. Always contribute enough to capture the full match — it is an immediate 50–100% return on that portion of your contribution.