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Retirement Income Calculator.

This tool is designed to help you quickly see what income you might expect from Legal & General's range of retirement products.

When choosing a retirement product that is right for you, it's important to shop around to ensure you get the best deal.

Having used the tool, if you would like to obtain a guaranteed quote, please contact us.

Please note, this calculator is designed to help you understand your options, rather than offer formal advice. If you need further help or guidance please look at our 'Help me choose guide'.

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Select the product you would like an illustration for.

Please input your age. This must be between 55 and 908580.
Please input an age between 55 and 908580. Please amend.
(Optional)
Please input your main UK residential postcode.
You have input an incorrect postcode. Please amend.
It is possible to take up to 25% of your pension pot as a tax-free cash sum. The value you input here should be the amount you have left after you have taken any tax-free cash.
Please input a value between 5,00010,00010,000 and 1,000,000.

Please answer one of these

You can select any period between 3 and 25 years.
Please input a period between 3 and 25 years.

Please answer one of these questions

Please input the value of the lump sum you'd like to receive at the end of the fixed term. You can select any value between 1 and 1,000,000.
Please input a value between 1 and 1,000,000.
You can select an annual income between 1 and 1,000,000.
Please input an annual income between 1 and 1,000,000.

The lump sum payable at the end of the term will be calculated.Your annual income will be calculated.The number of years you will receive income will be calculated.

Unfortunately due to the investment amount, term and our current rates we are unable to offer you an illustration. This is because we wouldn't be able to offer you any amount of return on your investment over your selected term at this time.
Sorry this service is currently not available. Please contact us us for a guaranteed quote.

Income Estimate

Based on this information you could receive an income of a year, increasing by % year on year for the rest of your life, less any income tax you need to pay.

In providing this estimate we have made a number of assumptions. We would encourage you to try different combinations so that you can see what effect the selections you make have on your estimated income.

You can select any amount between 0 and 999,999.
You must input a value between between 0 and 999,999. Please amend.
You have no tax to pay as your total income is less than the personal allowance.
Income Average life expectancy
Age
Pension Annuity
0.00
a year

Change the assumptions

Do you want your income to increase over time?
You might want your income to increase each year. For example, to protect against the effects of inflation.
Yes by:
Would you like a minimum payment period in case you were to die early?
Your income is guaranteed for the whole of your life. You can choose to select a minimum period during which payments will be made in case you die early.
Please select the minimum number of years you'd like income to be paid.
   years
The minimum number of years must be between 1 and 10. Please amend.
What proportion of your income would you like your partner to receive when you die?
You can have a portion of your income paid to a surviving partner. Please select the percentage of your income you'd like them to receive after you die.

This illustration assumes that your income will not increase over your lifetimewill increase each year by %, will only be paid for your lifetime with no minimum periodhas a minimum payment period of years even in the event of your death and will not provide your partner with any income after you diewill provide your partner with % of your income after you die.

You could receive a higher income if you suffer from certain lifestyle or medical conditions. Please contact us for a guaranteed quote that takes account of these factors. Other providers may offer a better deal, so it's important to shop around.

To calculate the income you might receive after tax, we have applied a personal allowance of and any lower-rate tax to the 'other income' first.

Income Estimate

Based on this information you could receive an income of a year for years , less any income tax you need to pay, with no lump suma lump sum of paid at the end of the term.

You can select any amount between 0 and 999,999.
You must input a value between between 0 and 999,999. Please amend.
You have no tax to pay as your total income is less than the personal allowance.
Income Average life expectancy
Age
Cash-Out Retirement Plan Fixed Term Retirement Plan
0.00
a year
, lump sum
0.00
Pension Annuity
0.00
a year

Change the assumptions

Do you want any remaining benefits to continue to be paid when you die ?
If you were to die during the term of the plan, you can select whether the remaining benefits are to be paid to your estate. The level of income will be affected by the selection you make.
Would you like to compare the fixed term income above to what you could expect to receive from a lifetime Pension Annuity ?

This illustration assumes that any remaining benefits will continue to be paid to your nominated beneficiary after you die.no further income payments or the maturity value will be paid if you die.

If you use the maturity value to provide you with further income, the value may not be enough to provide the same level of income that you were receiving during the term of your plan.

The plan does not allow you to withdraw cash amounts as and when you choose. The amounts you receive will be the fixed regular income payments.

The Pension Annuity shown assumes that your income will not increase over your lifetime, has a minimum payment period of 10 years even in the event of your death and will not provide your partner with any income after you die.

You may be able to obtain a higher amount of income through a product that assesses your health and offers higher returns for certain lifestyle or medical conditions.

To calculate the income you might receive after tax, we have applied a personal allowance of and any lower-rate tax to the 'other income' first.

Q) What if I took all my money out in one go and put it into a savings account?

A) Your pension pot would be taxed as income and you would then need to receive a net interest rate of % to get a comparable income to the above.


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