Tideway have developed these online calculators to help you make decisions about your pension fund.
Our defined benefit or final salary pension calculator can be used by anyone considering a pension transfer and will help you to estimate your transfer value.
There are also calculators which can help provide an understanding of the tax on pension withdrawals and the impact of taking a flexible drawdown.
Please bear in mind that these calculators provide estimates only. You should read the detailed guidance provided, and seek professional financial advice before making any decisions.
This calculator estimates the cash equivalent transfer value (CETV) you might be offered based on your deferred pension, the income you could receive, and the residual pension fund values that would likely be available to pass onto beneficiaries.
Transfer values are only available to "deferred members" of schemes. This means that you've left the company, or are about to leave, but have yet to start your pension. Once a final salary pension is in payment it cannot be transferred.
This calculator is designed to help those over the age of 55 who are considering making a one-off withdrawal from their pension fund using the new pension freedoms.
The calculator starts by showing you the tax you will pay on a one-off taxable pension withdrawal given the other taxable income you already have for the current tax year.
It goes on to show how this might reduce if you spread the withdrawal over up to three tax years.
This calculator is designed to help those who are going to use flexible drawdown as a means to generate income in retirement rather than buying an annuity.
The calculator looks at the sustainability of income at different investment rates, the impact of taking a one-off withdrawal from your fund, and shows what the likely residual value of your fund will be, depending on how long you live.
This calculator gives guidance on how you could invest funds in SIPPs, ISAs and General Investment Accounts (GIAs), and what income this could produce before and after tax depending on how much capital you are prepared to consume to age 90.
If you want to ask any questions about the results you get from our final salary pension transfer calculator, or any of our other calculators, you are welcome to make an enquiry with us.