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Pension Tax Calculator

Our calculator can help you understand how much tax you might pay if you access your pension savings in one lump sum or over a few years.

Try our Pension Tax Calculator

It’s a good starting point for understanding the tax implications of taking money out of your pension pot. We also recommend seeking guidance or advice to understand your options before accessing your retirement savings. If you're over 50 you can get free guidance from Pension Wise, an impartial government service. 

Learn more about retirement income

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Tax on pension drawdown

Learn more about how tax on pension drawdown works and how you can access your tax-free cash.
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How much does an annuity cost and how do I buy one?

What annuity can you buy with a £30k, £100k and £500k pension pot? We look at these examples and how to purchase an annuity.

Guidance and advice guide

Download our free guide to understand the difference between guidance and advice, when you need each of them and how to get the most out of them.

Get more guidance or advice

Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and making use of the guidance and advice services available:

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Retirement guidance

Pension Wise from MoneyHelper

The government’s free and impartial service, offering guidance to make money and pension choices clearer for over 50s.

To find out more or book an appointment online click below or call.

0800 138 3944

Monday to Friday, 9am to 5pm.
Calls may be recorded and monitored.

Speak with us

Speak with us

Our colleagues in Cardiff are always happy to answer your questions or tell you about our retirement income products.

0800 048 2446

Monday to Friday
9am to 5pm
We may record and monitor calls.

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Retirement advice

Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.

0800 009 4011

Our team is available between 9.00am and 5.00pm, Monday to Friday. Calls may be monitored and recorded.