Discover the tax you could pay on your pension withdrawals using our drawdown calculator and see how this could impact on your savings. Get started by telling us your total pension pot. This should be the combined value of all your pension pots. This calculator only works for pensions which have not been accessed yet, as when you start making withdrawals it changes the tax status of your pension.
Tax-free cash available
£31,250
Tax-free cash
Available: £31,250
Taxable cash
Available: £0 Locked: £93,750
Here's what your withdrawal will look like We will always apply an emergency tax code on a withdrawal until we receive your individual tax code from HMRC directly. Please note, individual tax codes provided by HMRC can also be on an emergency tax basis. For payments on an emergency tax basis, you should settle any remaining underpaid or overpaid tax directly with HMRC. To discover more about tax rates and how they can impact on your withdrawal, watch our video explainer on drawdown tax.
Total you receive
£0
Tax deducted
£0
Total remaining
£125,000
Drawdown calculator FAQs
Looking to drawdown?
- Combine your old pensions into one simple plan
- Invest with one of the world’s largest money managers
- Make paper-free online withdrawals from the age of 55
- Pay just one simple annual fee
Capital at risk
