What is your retirement age?

Retirement: with the advent of Pension Scheme Auto Enrolment  and the fact that those of State Pension age or those under 18 need to formally opt in as opposed to being auto enrolled means that more and more people are asking:

What is my retirement age?

State Pension calculator

Calculate when you’ll reach State Pension age or Pension Credit qualifying age and how much you may get in today’s money for your basic State Pension.

Start now

Pensioners

Pensions Source Age UK

Paul Lewis talks about retirement planning

Many people ask themselves ‘when can I retire?’ or ‘how can I plan for the retirement I want?’. Financial expert and presenter of BBC Radio 4’s Moneybox, Paul Lewis, talks pensions, annuities, retirement planning and much more.

Watch Paul give his tips and advice

Pension calculator
Find out if you’re ready for retirement by using our pension tool. It can help you assess your income in retirement.

Pension

Our guide on retirement planning

When can you afford to retire?

When can I retire? What should I do first? Everything you need to know, from pension advice to retirement planning, is in our guide.

When can I retire?

Government advice:

GOV.Uk image 2727733_orig

State Pension calculator

Calculate when you’ll reach State Pension age or Pension Credit qualifying age and how much you may get in today’s money for your basic State Pension.

Start now

What you need to know:

This calculator gives an estimate of your basic State Pension.

It doesn’t estimate any Additional State Pension.

You’ll be asked for the number of years you worked and paid National Insurance or got certain benefits. These are the years of your National Insurance contributions that count towards your State Pension.

Count tax years from 6 April to 5 April and don’t count any years twice (eg when you were working and getting benefits). Don’t count the current tax year.

This calculator uses a simplified calculation based on the current law. It can’t take into account every circumstance that might affect you. Don’t make future financial decisions based on its results.

Additional State Pension