Pension calculator: Lump sum & other income

  1. About you
  2. Your income
  3. Pension contributions
  4. Lump sum & other income
  5. Your results

Tell us how much you want to take as a tax-free lump sum

You are entitled to take up to 25% tax free. Adjust the amount you could take to see the change in your retirement income.


Taking 25% of your estimated total pension pot of £51,836 provides a cash payment of £12,959.

Tell us about any defined benefit pension income (salary related)

If you don’t have a defined benefit pension, leave this section blank.

per year

What is a defined benefit pension?

You get a defined benefit pension from a workplace scheme that promises you a certain amount of pension at retirement. Usually the pension is a percentage of the pay you were getting while working. Examples are final salary schemes and career average salary schemes.

Tell us about any other income

Enter any other income you're expecting to get in retirement (for example, from savings, property or a pension from a deceased partner. If you're not expecting any, leave this section blank)

per year

What other income might I get?

For example, this might be income from non-pension savings you have built up or from properties you rent out.

State Pension income

Your State Pension age is:

68 years

You'll start getting your new State Pension from:

18 September 2064

For the purpose of the calculator, we’ve assumed you will receive the full new State Pension which is:

£175.20 per week. How much you actually get depends on your National Insurance Contribution record.

How is the State Pension calculated?

If you are a man born on or after 6 April 1951 or a woman born on or after 6 April 1953 then we assume you’ll get the full amount of the new State Pension in force from 6 April 2016 - but the amount you get depends on your National Insurance Contribution record. You may get more or less than this.

If you were born before these dates we assume you are receiving the full basic State Pension that applied up to 5 April 2016.

You can find out more about the new State Pension and how to get a State Pension statement here.