See how much your workplace or personal pension could be worth when you retire. Enter your salary, what you and your employer pay in and your current pot, and this calculator projects your pension year by year, showing how much comes from you, your employer, government tax relief and investment growth.
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Key pension figures for 2026/27
| Rule | 2026/27 |
|---|---|
| Annual allowance (most you can pay in with tax relief each year) | £60,000 |
| Money purchase annual allowance (after taking pension income flexibly) | £10,000 |
| Tax-free lump sum | Usually 25%, up to £268,275 in total |
| Tapered annual allowance starts at adjusted income of | £260,000 |
How pension tax relief works
The government tops up what you pay in. At the basic rate, every £80 you pay from your take-home pay becomes £100 in your pension. Higher-rate and additional-rate taxpayers can claim extra relief through their tax return. In this calculator, “your contribution” includes the basic-rate tax relief.
Frequently asked questions
What is the minimum workplace pension contribution?
Under automatic enrolment, the usual minimum is 8% of qualifying earnings in total: at least 3% from your employer, with the rest from you including tax relief. Many employers pay more, and some match extra contributions.
How much of my pension can I take tax-free?
Usually 25% of your pension can be taken tax-free, up to a lifetime maximum of £268,275 for most people. The rest is taxed as income when you take it.
Does this include the State Pension?
No. This calculator shows your private or workplace pension only. The State Pension is paid on top, based on your National Insurance record, and you can check your forecast on GOV.UK.
Pension allowances from GOV.UK. Figures are in future pounds, not adjusted for inflation, and growth is not guaranteed. For illustration only, not financial advice. Related: UK take-home pay calculator · ISA calculator