Retirement Planning Projection with UK Tax

How to read the figures: This planner shows amounts as £Nominal (£Real) where:
• Nominal = actual cash amounts you'll receive/need (with inflation)
• Real = equivalent purchasing power in today's money
• Tax calculations use current UK tax rules with inflation-adjusted thresholds

📅 Annual Update Process (at start of each year):
1. Update "Projection Start Year" to the current year
2. Update ages to current ages (as of Jan 1)
3. Update "Initial Financial Position" with your actual current balances
4. Review and adjust income requirements, returns, and tax settings if needed
5. Update or remove any special events from past years that are no longer relevant

Current Year Settings

Projection Start Year

Update this each January to roll forward

Husband's Current Age

Update each January

Wife's Current Age

Update each January

Basic Configuration

Monthly Pension Drawdown (£)

Annual equivalent: £12,000

Annual Net Income Required (£)

After-tax income needed

Monthly Rental Income (£)

Rental Expenses Rate (%)

% of rental income

Husband State Pension p/a (£)

Wife State Pension p/a (£)

State Pension Age

Inflation Rate (%)

Pension Return (%)

Share ISA Return (%)

Cash ISA Return (%)

Cash Return (%)

Other Equity Return (%)

UK Tax Settings

Personal Allowance (£)

2024/25: £12,570

Basic Rate Threshold (£)

2024/25: £50,270

Higher Rate Threshold (£)

2024/25: £125,140

Pension Tax-Free % per withdrawal

Usually 25%

Personal Savings Allowance (£)

£1,000 for basic rate taxpayers

Initial Financial Position (as of Jan 1, 2026)

Pension Pot (£)

Home Equity (£)

Your primary residence

Rental Property Equity (£)

Investment properties

Share ISA (£)

Cash ISA (£)

Cash (£)

Other Equity (£)

Other investments/equity holdings

Other Pension p/a (£)

Starts from 2027

Special Events

Lump Sum Additions (Money In)

Lump Sum Purchases (Money Out)

Rental Property Sales

Projection Results (25 Years)

Table Color Guide:

Requirements

Income (Gross)

Tax

Net Income

Assets

Year	Ages	Net Income Required	Gross Income Sources						Tax Calculations				Net Position			Asset Values
Year	Ages	Net Income Required	Pension Drawdown	Rental Income	Other Pension	State Pension	ISA/Cash Withdrawals	Lump Sum Purchases	Taxable Income	Income Tax	Savings Tax	Total Tax	Net Income	Surplus/ Shortfall	Effective Tax Rate	Pension Pot	Home Equity	Rental Property	Share ISA	Cash ISA	Cash	Other Equity	Total Assets