PENSION WORKER
UK drawdown & tax modelling

See every year of your retirement before you live it.

Enter your pensions, ISAs and goals once. Pension Worker models each tax year to age 95 — income, tax, and what is left in every pot — for Scotland and the rest of the UK.

40
tax years modelled per plan
6
product types: DB, DC, SIPP, annuity, ISA, other
Scotland
& rUK
separate income tax bands applied by residence
Two
people
household plans with independent retirement dates
What changed
One page instead of a ten-step wizard. Every section is a box you can fill in any order, and the plan recalculates as you go.
Signed in as {{ meEmail }}

Your plans

{{ planImportErr }}
Could not load your plans: {{ plansErr }}
Plan Run mode Target net Last saved  
{{ r.subtitle }}
 {{ r.runMode }} {{ r.target }} {{ r.saved }} Delete this plan?
You haven’t saved a plan yet.
Loading your plans…
Plans are saved to your account and visible only to you. Export writes a plan file you can keep offline or open on another instance.
01

Every pot, kept apart

Each SIPP, workplace pot and ISA is modelled separately, with its own growth rate, crystallised status and tax-free cash — never merged into one balance.

02

Tax-aware to the pound

Withdrawals are ordered to keep you inside the band you choose. Personal allowance, higher-rate thresholds and tax-free cash phasing are all applied per year.

03

Answers you can hand over

A year-by-year table and four charts, with shortfall years flagged in red — printable for a client pack or your own records.

Model it first. Then decide.
PENSION WORKER
Your plans, saved and ready.
Sign in to reopen a plan, compare two run modes, or export the year-by-year table.
No password
Access is by invitation. We email a six-digit code to addresses already on the list — nothing to remember, nothing to reset.
Modelling tool — not financial advice
{{ otpKicker }}

{{ otpHeading }}

{{ otpError }}
The code is valid for 10 minutes. You can ask for a new one up to three times in fifteen minutes.
Not on the list? Ask whoever set the plan up to add you.
If that address has access, a code is on its way to {{ otpEmail }}.
{{ otpError }}
{{ otpAttemptsNote }}
Signed in for 2 days on this device.
{{ sectionsFilledLabel }}
Guaranteed {{ chipGuaranteed }}
Capital {{ chipCapital }}
Target net {{ chipTarget }}
{{ planGenErr }}
Save failed: {{ planSaveErr }}
{{ planSavedNote }}
{{ planImportErr }}
01

Your products

Pick what you hold — the sections below appear to match
{{ c.title }}{{ c.mark }}
{{ c.blurb }}
02

Household

Who the plan is for, and when each of you stops working
{{ p1Label }}
{{ err_name }}
{{ err_dob }}
{{ err_retireTaxYear }}
{{ err_endAge }}
{{ p2Label }}
{{ err_name2 }}
{{ err_dob2 }}
{{ err_retireTaxYear2 }}
{{ err_endAge2 }}
{{ helpResidence.title }}
{{ helpResidence.text }}
Retirement is set as a tax year, not a date. The model advances one tax year at a time from 6 April, so a mid-year retirement counts from the following 6 April.
03

State Pension

{{ secNoteState }}
The State Pension is paid by the government from your National Insurance record — it is not linked to any employer or pension pot. Check your own forecast at gov.uk before entering an amount here.
STATE PENSION — {{ r.v_person }}
{{ r.rowErrorText }}
{{ r.helpIncrease.title }}
{{ r.helpIncrease.text }}
04

DB pensions

{{ secNoteDb }}
A Defined Benefit (DB) pension — often called a Final Salary pension — pays a guaranteed income for life, worked out from your salary and years of service, not a pot you draw down. Your employer's scheme funds and pays it, usually rising each year with inflation (up to a cap), and continues at a reduced rate to a spouse or partner after your death.
SCHEME {{ r.num }} — {{ r.title }}
{{ r.rowErrorText }}
{{ r.helpAmount.title }}
{{ r.helpAmount.text }}
{{ r.helpSurvivor.title }}
{{ r.helpSurvivor.text }}
{{ r.helpIndexation.title }}
{{ r.helpIndexation.text }}
{{ r.helpCap.title }}
{{ r.helpCap.text }}
{{ r.helpCommutation.title }}
{{ r.helpCommutation.text }}
{{ r.helpCommutationFactor.title }}
{{ r.helpCommutationFactor.text }}
{{ r.helpLSA.title }}
{{ r.helpLSA.text }}
No DB schemes yet.
05

DC pensions & SIPPs

{{ secNoteDc }}
Enter the balance you expect at retirement — or, if that's still years off and unknown, today's balance plus a monthly contribution, and the plan will project it forward for you. Add each pot separately — growth rates and crystallised status differ by provider, and combining them hides that.
POT {{ r.num }} — {{ r.title }}
{{ r.rowErrorText }}
{{ r.helpWrapper.title }}
{{ r.helpWrapper.text }}
Grows from today at the rate above, plus the monthly contribution, until this pot starts being drawn. The projected starting balance appears once the plan is generated.
{{ r.helpCrystallised.title }}
{{ r.helpCrystallised.text }}
{{ r.helpProtected.title }}
{{ r.helpProtected.text }}
{{ r.helpLSA.title }}
{{ r.helpLSA.text }}
{{ r.accessNote }}
No DC pots yet.
06

Annuities

{{ secNoteAnnuity }}
A lifetime annuity pays until death, then continues to a survivor at the share you set. A fixed-term annuity ends on its own term and pays out its maturity value — a survivor share does not apply, so the field is hidden.
POLICY {{ r.num }} — {{ r.title }}
{{ r.rowErrorText }}
{{ r.helpType.title }}
{{ r.helpType.text }}
{{ r.helpPrice.title }}
{{ r.helpPrice.text }}
{{ r.helpRate.title }}
{{ r.helpRate.text }}
{{ r.helpIndexation.title }}
{{ r.helpIndexation.text }}
{{ r.helpSurvivor.title }}
{{ r.helpSurvivor.text }}
{{ r.helpGuarantee.title }}
{{ r.helpGuarantee.text }}
{{ r.helpLSA.title }}
{{ r.helpLSA.text }}
{{ r.derivedNote }}
No annuities yet.
07

ISAs

{{ secNoteIsa }}
Enter the balance you expect at retirement. A protection floor is never drawn below, and grows at the account's own rate.
ACCOUNT {{ r.num }} — {{ r.v_person }}
{{ r.rowErrorText }}
{{ r.helpType.title }}
{{ r.helpType.text }}
{{ r.helpFloor.title }}
{{ r.helpFloor.text }}
No ISAs yet.
08

Other income & savings

{{ secNoteOther }}
Savings pots (investment account, cash savings, or “Other savings pot”) hold a balance the plan can draw from. “Other income” is different — a fixed amount paid each year, never drawn down; use it for rent, part-time work, trust income, or dividends (set its Tax treatment to Dividends). Start and end are given as ages, so each owner needs a date of birth in Household.
ENTRY {{ r.num }} — {{ r.title }}
{{ r.rowErrorText }}
{{ r.helpType.title }}
{{ r.helpType.text }}
{{ r.helpFloor.title }}
{{ r.helpFloor.text }}
{{ r.helpTaxTreatment.title }}
{{ r.helpTaxTreatment.text }}
An income stream, not a pool — it is not drawn down and holds no balance, so growth and floor do not apply.
No other income or savings yet.
09

Goals & assumptions

What the model is aiming for each year
{{ err_targetNet }}
{{ err_cpiAssumption }}
{{ err_rpiAssumption }}
{{ err_minReserveISA }}
{{ helpReserve.title }}
{{ helpReserve.text }}
{{ err_minReserveNonISA }}
Two independent floors. Neither pool is drawn below its reserve, even if that means a shortfall year.
{{ helpRunMode.title }}
{{ helpRunMode.text }}
{{ err_customPct }}
When your plan could sustain more than your target, take only the target. Guaranteed income above your target is still paid — it can't be turned down. Available in the maximising run modes.
10

Advanced settings

Sensible defaults — change only if you know why
Drawdown behaviour
{{ helpTaxFreeMode.title }}
{{ helpTaxFreeMode.text }}
{{ helpLumpSumIsa.title }}
{{ helpLumpSumIsa.text }}
Not capped against the £20,000/year ISA subscription limit — a large lump sum is modelled as landing in the ISA all at once. See the (i) above.
Spending curve
{{ err_boostPct }}
{{ err_boostYears }}
{{ err_reducePct }}
{{ err_reduceStartAge }}
11

Review

Everything the model will use
Household
{{ rvP1 }}
{{ rvP2 }}
Residence{{ rvResidence }}
Guaranteed income
Est. guaranteed p.a.{{ rvGuaranteed }}
State Pension, DB, annuity and any fixed other-income entries in the sections above.
Capital
Drawdown capital{{ rvCapital }}
DC pots, ISAs and non-income other savings.
Assumptions
Run mode{{ rvRunMode }}
CPI / RPI{{ rvCpiRpi }}
Model to age{{ rvEndAge }}
Target net income, first year
{{ rvTargetNet }}
{{ planKicker }}

{{ viewTitle }}

{{ planSavedNote }}
Save failed: {{ planSaveErr }}
Target met until
{{ kpiMetAge }}
Lifetime tax paid
{{ kpiTax }}
Years short of target
{{ kpiShort }}
Left at the end of the plan
{{ kpiEstate }}
Central estimate on flat growth — not a floor
Tax residence {{ residenceLabel }} Set in Household — not switchable here
{{ regimeNote }}

{{ chartATitle }}

{{ g.label }}
{{ hoverYear }}
{{ h.k }}{{ h.v }}
Move the pointer across either chart to read any year
{{ t.label }} {{ b.label }}
{{ chartACaption }}

{{ chartBTitle }}

{{ hoverYear }} {{ bLeft }}{{ hoverB }} {{ bMid }}{{ hoverB2 }} Move the pointer across to read any year
{{ t.label }} {{ x.label }}
{{ bCaption }}

Year by year

{{ viewNote }}
{{ modeNote }}
{{ scopeNote }}
{{ deathNote }}
{{ rowCount }}
{{ c.label }}
{{ r.caret }}{{ r.year }} {{ c.v }}
Product by product, this tax year
{{ l.label }} {{ l.amount }}
{{ l.kind }} · {{ l.owner }} {{ l.bal }}
Year fell short of the target net income +Open a year to see every product — the columns never change {{ moneyBasisNote }}

Milestones

{{ milestoneCount }} in this plan
{{ m.year }}
{{ m.label }}
{{ m.copy }}
Reported by the engine as it ran, in the year each one occurs.

What this does not model

Every figure here is a central estimate on flat growth. Real returns arrive in a different order each year, and the order matters — a poor decade early leaves less capital than the same average return arriving late. Read the closing balance as one plausible outcome, not a floor.
Not included
Personal allowance taper above £100,000 · capital gains tax, and a general investment account's growth taxed here as interest (dividends can be entered under Other income and are taxed at dividend rates) · National Insurance on earned income · inheritance tax · a pension inherited before 75, which is treated as though after it
How time is handled
Figures are modelled once per tax year, at 6 April. Income starting mid-year is counted from the following 6 April. Nothing before retirement is modelled — no contributions, no growth on the balances you entered.
{{ adminKicker }}

Assumptions

The legislated figures every projection is calculated on. Held once, centrally, so no plan carries its own copy of a tax band.

Viewing as
{{ adminRoleNote }}
{{ adminErr }}
Loading the central record…

Allowances

Personal savings allowance, by the band the person lands in
The savings allowance is judged against UK-wide thresholds even for a Scottish taxpayer, so a Scottish intermediate-rate payer still receives the basic-rate £1,000.
Starting rate for savings
An extra 0% band for savings interest, on top of the allowance above. It shrinks £1 for every £1 of non-savings income (pensions, drawdown, earnings) over the personal allowance, so it is gone once that reaches £{{ savingsStartingRateGoneAt }}. UK-wide — applies in both regimes.
Dividend tax rates, by the band the dividend lands in
Dividend tax is not devolved. These rates and the UK-wide band thresholds apply to every plan, Scotland included. Dividends are taxed on top of all other income, after the dividend allowance above.

Income tax bands

Two regimes, chosen per household by tax residence
SCOTLAND {{ scotBandCount }} bands · {{ scotBandRange }}
Band From To Rate %
REST OF UK {{ rukBandCount }} bands · {{ rukBandRange }}
Band From To Rate %
The shaded rows are the higher-rate threshold and above — the higher-rate band is the one the drawdown engine protects against when “protect the higher-rate band” is on. From and To are the band edges in pounds; leave To blank for the top band.

Inflation defaults

These are the figures a new plan starts from. A plan can override both.

Pension rules

DC access age
Not one figure — it depends on date of birth. See the table below.
55 or 57
A LISA drawn before its access age is charged at the rate above. The engine holds LISA money back until then unless nothing else is left.

DC access age

Matched on date of birth · the earliest a DC pot can be drawn
The normal minimum pension age has been 55 since 2010 and rises to 57 on 6 April 2028, with no phasing. Because the rule turns on a date rather than an age, the earliest a given person can draw depends on when they were born.
Born Type Age Note
to
until then
Rows are matched top to bottom on date of birth: “from” is inclusive, “before” is exclusive; leave “from” blank for the earliest band. A window band gives the earlier age up to the deadline and the later age afterwards. Some pots carry a protected pension age of 55 where scheme rules gave an unqualified right before 4 November 2021 — that is a fact about the pot, set on the DC pot itself, and overrides this table.

State Pension age

Matched on date of birth · suggests the age a plan starts from
Born Type Age Note
to
y m, + m/step
A saved plan keeps the age it was created with. When this table changes, the State Pension section of that plan shows the new suggestion beside the stored value and leaves the choice to the plan holder. A phased band steps up month by month from the start age, so the suggested age is rarely a whole number.

Who can sign in

An invitation list — not open registration
Only an address on this list can request a code. Anyone else gets the same “if that address has access, a code is on its way” reply, so the login page never reveals who holds an account.
Email Name Role Added Last login Logins
{{ v.email }} {{ v.name }} {{ v.roleLabel }} {{ v.added }} {{ v.lastLogin }} {{ v.logins }} You — can't remove yourself here
Could not load the sign-in list{{ visitorErrSuffix }}.
{{ visitorErr }}
Removing someone deletes their access and signs them out everywhere immediately. Their saved plans are not deleted.
New people are added as plan holders. Granting admin rights is deliberately not a button here — it is done directly in the database, so nobody is promoted by a stray click.
{{ adminStatusNote }}
{{ adminLastSavedText }}