Pension Sharing Calculator

About

  • This calculator is designed to assist with pension sharing cases involving defined contribution pensions only, where there are no safeguarded benefits, such as guaranteed annuity rates or minimum pension levels.

  • It estimates the amount that may need to be transferred between the parties to equalise both a) their projected retirement incomes, and b) their capital values.

  • This calculator will only tell you the overall amount that needs to be transferred between the parties, rather than a specific percentage or PSO.

  • To calculate the PSO required, you will need to divide the Credit/Debit amount by the value of one or more of the Transferor's pensions.

  • It may be possible to include defined benefit pensions within these calculations if 1) you calculate the fair value of the defined benefit pension(s) and amalgamate those with the value of the defined contribution pensions, and 2) the credit/debit required can be funded from defined contribution pensions only. If in any doubt, please contact us for guidance.

  • You may need to take advice on which pension(s) to apply the PSO over. In the very least, we suggest you check that both 1) the selected scheme has sufficient liquid assets to easily discharge the PSO liability, and 2) what charges the scheme will apply for implementing the PSO.

  • No allowance is made for future accruals.

  • All projections are rounded down to the nearest £100.

  • This calculator will not address and state pension imbalance.

  • We have taken reasonable endeavours to ensure the accuracy of this calculator, however, you accept full responsibility for any reliance placed on the outputs.

  • This calculator is provided in the interests of being helpful only. We accept no liability for any decisions made based on the output of this calculator, nor for any financial loss resulting from reliance on its estimates.

  • We strongly recommend discussing your case with a suitably experienced financial professional (PODE, Actuary, or IFA) if you are in any doubt as to whether this calculator is suitable in your case.

  • The estimated incomes shown are indicative only and not guaranteed. They are based on simple drawdown assumptions and are not adjusted for tax.

  • This calculator does not constitute legal, financial, or actuarial advice. Users should seek independent professional advice tailored to their specific circumstances.

  • This calculator is designed for UK cases only.

  • At the time of writing, the earliest age an individual can access their pension is 55 (except in rare circumstances). This is increasing to 57 from 6th April 2028 and may change in the future.

  • Please remember that pension values are constantly changing and that pension sharing is a best endeavours exercise. The actual results of a PSO cannot be guaranteed in advance because underlying fund values will have changed by the time any PSO is implemented.

  • Pension sharing is not regulated by the Financial Conduct Authority.