Payments in calculator

When you save towards your retirement, your employer also pays in and the tax benefits help too.

This means that it’s worth staying in your workplace pension because you’re getting a lot more money than what you are personally paying in. Over time that makes a big difference.

Use this calculator to understand how much extra you get each month, and how much more you could get if you increase your payments.

  • How much do you earn each year?
  • How much do you plan to save?
  • How much will your employer chip in?
  • Do you save by sacrificing some of your salary?

 

How much do you earn each year?
£
How much do you plan to save?
%
How much will your employer chip in?
%
Do you save by sacrificing some of your salary?
Are you a Scottish tax payer?


Savings Calculator
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Cost to you

Breakdown of the monthly cost to you

Your payment: £ 
Tax savings: £ 
Actual cost: £
 (of take home pay)
Savings Calculator
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Total savings

Breakdown of the total savings going into your personal account

Cost to you: £
+
Tax Savings: £
+
Employer payment: £
Total Saved: £
Savings Calculator
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Assumptions

The following assumptions are used in the calculator:

  • Payments are based on the whole of your pensionable salary.
  • The tax rates are for the 2025/26 tax year.
  • Any payments are within the maximum limit for the 2025/26 tax year (£60,000), or reduced amount for anyone with an adjusted income of over £260,000. Tax penalties may apply if payments exceed these limits.
  • The standard personal tax allowance applies.