The table below shows the estimated monthly pension (at today's prices) that you might get for different regular monthly contributions .

The estimated pension that you might get assumes that you increase your monthly contributions each year in line with the RPI.

Your fund grows by 7% a year on top of your regular contributions .

Charges are 1.5% of the value of your fund each year for the initial 10 years and 1% each year thereafter.

You qualify for a rebate of basic rate tax (at 20% for the APR 2008/2009 tax year) on your regular contributions.

When you retire the estimates assume that you use your retirement fund to purchase an annuity that increases by 2.5% each year with a 50% spouse's annuity should you die in retirement.

The annuity rate assumes an investment return in excess of inflation of 0.8% a year after retirement.

You should remember that these estimates are not guaranteed you could get more or less than the amounts shown .

The table gives an example of how much you need to pay now on a regular monthly basis to try to provide the monthly pension you want when you retire, you should note that the rate of growth of your fund could vary considerably and may be below the 7% figure used for the purposes of these examples.

To discuss your pension arrangements.

Contact Derek Brownie on

01442 347904

or email

derekb@moneyhelpUK.com

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