Our Retirement Planner helps employees consider a ‘target income’ for retirement. It builds a picture of potential total income from past, current and future pension savings – including the State Pension and Defined Benefit and Defined Contribution schemes.
With this picture, the Planner then helps people think about their potential income in retirement. They can see if they are on track to retire when they would like to, with an income that will give them the lifestyle they’re looking for.
If they’re not on track, the Retirement Planner makes it easy to explore ways of making changes. The tool helps them see the effect of changes to their planned retirement date or pension contributions. Alternatively, they can aim for a different target income.
They can also explore the impact of taking any Defined Contribution schemes in annuity form or as flexible income drawdown.
