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.
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.
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.
Pierce is a trading name of Pierce Group Ltd (09047081) and its associated companies. Pierce Group Ltd is the parent company of Pierce C.A. Ltd (04360541), Pierce Forensic Ltd (05969229) and Pierce Corporate Finance Ltd (05969217). All companies are registered in England & Wales and the registered office, list of all directors and VAT registration numbers are held at: Mentor House, Ainsworth Street, Blackburn, Lancashire BB1 6AY. Pierce C.A. Ltd is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales - Chartered Accountants' Hall, PO Box 433, London EC2P 2BJ, Tel 020 7920 8100.