Do You Know How Much Income Your Pensions Will Actually Give You in Retirement?
Most people don’t. In fact, many assume their pensions will be “enough” without ever checking. But pensions are not all the same — and income in retirement depends on the size of your pots, how they’re invested, and when you access them.
Without a clear forecast, it’s almost impossible to plan properly — and that uncertainty can create real stress.
Most people have no real idea how much income they’ll receive in retirement — and often don’t find out until it’s too late to do anything about it. You might be making regular pension contributions, have several old workplace schemes, and even a few private pensions, but without bringing all the numbers together, it’s impossible to know if you’re on track.
That’s where income forecasting comes in.
This is one of the most important — and overlooked — areas of retirement planning. Your retirement income will depend on a combination of factors: how much you’ve saved, how your pension funds have performed, the charges you’re paying, the level of investment risk you’re exposed to, when you want to retire, and how you plan to access your pension.
The result? Two people with similar pension pots can end up with very different outcomes.
A proper income forecast brings clarity to all of this. It starts by gathering all your pensions in one place — old workplace pensions, personal pensions, stakeholder plans, and your projected State Pension — and building a complete picture of your future income based on when you’d ideally like to stop working. From there, we can apply realistic growth assumptions, inflation estimates, tax calculations, and withdrawal strategies to show what your income might look like over time.
But it doesn’t stop there.
We also explore what happens if you retire earlier, later, or part-time. We show you how long your money is likely to last if you start drawdown at age 60 versus 65. We look at what happens in a market dip, how tax impacts your withdrawals, and how you can reduce your liabilities by using allowances wisely.
It’s more than just a number on a page — it’s a visual plan that helps you feel confident about your future.
Most importantly, it gives you time to make adjustments. If there’s a gap between what you want and what you’re on track for, we’ll help you explore practical steps — from boosting contributions to consolidating plans or adjusting your retirement timeline. If you’re already in a strong position, the forecast helps you protect what you’ve built and take income in the most efficient way possible.
In short, knowing your retirement income now gives you power. Power to plan. Power to act. Power to retire on your terms.
This isn’t a product pitch. It’s a simple way to understand where you stand — and what to do if there’s a shortfall.
The value of investments can fall as well as rise and you may not get back the amount originally invested.