This calculator is based on an indexation rate of 5%pa. Indexation rate is the rate at which your contributions are assumed to increase each year as specified in the calculator. This could relate to your individual circumstances and could be linked to the current inflation rate and/or your expected salary increases, if appropriate.
Investment earnings are calculated on a gross of tax basis.
Tax is then deducted at a rate appropriate to the investment and personal details entered.
This calculator ignores the value of any benefits that may accrue under a will or by reason of intestacy or social security legislation.