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UK Annual Allowance / Pension Input Calculator

Check whether your pension contributions exceed the £60,000 annual allowance (tapered above £260k adjusted income).

Instant results Private — runs in your browser Updated January 1970

Inputs

Your contributions (gross)

Employer contributions

Adjusted incomeTotal taxable income + pension inputs

Within allowance

$40,000.00

Applicable annual allowance: £60000

Total pension input

£20000

Allowance (after taper)

£60000

Excess (charge base)

£0

Standard allowance £60,000. Above £260k adjusted income, allowance drops £1 per £2 excess, floored at £10,000. Excess is taxed at your marginal rate.

Is this guaranteed?

No — these are projections that assume your inputs hold. Real markets and life are variable.

What's the 4% safe-withdrawal rule?

The Trinity Study suggests withdrawing 4% of a balanced portfolio in year one and adjusting for inflation typically lasts 30+ years.

Should I max out my 401(k)?

At minimum, capture the full employer match — that's free money. Beyond that, balance against debt payoff and emergency reserves.

Roth vs. Traditional?

Roth wins if you'll be in a higher tax bracket in retirement; Traditional wins if you'll be in a lower bracket.

When should I start saving?

Immediately. The single biggest variable in retirement success is years of compounding.

Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.

Last updated January 1970