Goals

It’s really important that you verify your account so you can save your retirement goals and log back into your account to monitor how on track you are. We’ve sent you an email on how to do this.

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Forecast assumptions

The figures are only an example and aren't guaranteed. All of the figures in your forecast are shown in today’s money. Past performance isn't a reliable indicator of future performance.

The forecast has used the current value of any Aegon products you have along with any regular contributions you are making.

If you've added any external product information the values and regular contributions to these have also been included.

Your retirement income is dependent upon a number of factors. Although not a complete list, these factors include: future contribution levels, the age at which you start taking your benefits, and external influences such as investment returns, inflation, interest rates, annuity rates and charges.

Forecast term

We've assumed that you’ll take an income from your pension and ISA savings at the same time and have forecast this to the retirement date you’ve selected. This means ISAs may be forecast beyond the standard 10-year period.

Allowances and limitations

This tool doesn't take into account any limitations for pension tax relief, the pensions annual allowance, the pensions lump sum allowance and lump sum and death benefits allowance, or ISA subscription limits, or any tax that might be incurred for exceeding the limits.

Tax Relief assumptions

We've assumed that your pension contributions will receive tax relief.

We've based this on our understanding of current taxation law and HM Revenue & Customs practice, which may change. The value of any tax relief will depend on individual circumstances.

Growth rates

Where you've not yet selected a risk level we'll assume a growth rate of 5% a year.

Where you've selected a risk level, we use a specific growth rate for each option.

Risk level	Growth rate
1	4.80% (Stability)
2	4.85%
3	4.90%
4	4.94%
5	4.99%

Yearly charges and costs

We assume a charge of 0.75% a year for any workplace savings products. This is based on your total fund value and may be more or less than the actual charges that apply to your plan.

For Aegon products, we use the standard service charging structure. If you decide to go ahead with any transaction, you'll get an illustration that reflects your projected benefits.

Service charges are deducted monthly. These charges may vary in future.

We've assumed a fund cost of 0.38% which may be less than your actual charge. This is included in the unit price.

Fund Value (£)	Service Charge	Fund Cost
On your first £50K	0.5 %	0.38% *
On the next £50k - £100k	0.4 %	0.38% *
Anything above £100k	0.3 %	0.38% *

In this forecast, we don't combine the value of each product. So, you'll not see the benefit of having combined product values that may reduce your charges. It does include discounts you’re receiving on existing Aegon products, if applicable.

Your retirement income

If you've indicated you would take a lump sum at retirement, the value shown is 25% of all your pension savings that you’ve told us about, and all of the ISA savings you’ve recorded.

If you haven't asked for a lump sum:

For your pension savings, we assume: :

that the whole fund is used to buy an annuity which is paid monthly in advance with a five-year minimum payment period. This will be paid for the rest of your life and will stay at the same level once payment starts.
that no annuity will be paid to a dependant in the event of your death.

For your ISA savings we've assumed:

that the total value of your ISA(s) will be taken in equal yearly amounts for the rest of your life. We’ve used an industry-recognised table of life expectancies for this forecast.

Withdrawals

We've assumed you won't take any withdrawals from your ISA or Pension before your retirement age.

Guaranteed income

Any guaranteed income in retirement you’ve told us about, is taken into account in the forecast. Our calculation will assume any guaranteed income will remain level and will start at the same time as the retirement date you've selected under your Retiready plan.

State pension

If your selected retirement date is earlier than your assumed state pension age, your forecast income won't include the state pension. If your selected date is on or after your state pension age, full state pension is included. However, you may not receive the full state pension - the actual amount you receive will depend on your National Insurance contributions history and when you reach state pension age.

Your goal

Goal to retire at the age of 65 in {{retire-year}}

With a yearly income of Â£21,000

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Paydays remaining 218 There's still time!

Your forecast

A yearly income of Â£15,000 in today's money values, aged {{retire-age}}

Retire at the age of 99 if you want an annual retirement income of {{income}}

Income
Age

Use our goal planner and our lifestyle planner to refine and set your goals

We've based your forecast on what you've told us and the questions you just answered. The forecast is purely an example of what you might achieve. You could get back more or less than this amount, and you could get back less than you originally paid in. Find out how we calculated it

Your to-do list

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Goals

Your goal

Get a Retiready score

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Your awareness     

Your finance     

Your behaviour     

Your forecast

Your to-do list

Update your monthly {{product}} contribution

Update your {{product}} savings held elsewhere to £{{value}} and consider consolidating into a AEGON {{productName}}

Update your tax free lump sum choice

Change the retirement age on your Retiready pension to {{value}}

Change your goal annual income to £{{value}}

Update your {{product}} regular contributions to £{{value}} for savings elsewhere and consider consolidating

Update {{product}} employer regular pension contributions to £{{value}} for savings elsewhere

Complete a risk assessment and review your fund choice

Open a retiready {{product}} with a one off contribution of £{{value}}

Top up your {{product}} with a one off Contribution of £{{value}}

Open a retiready {{product}} with a regular contribution of £{{value}}

Change your monthly {{product}} contribution to £{{value}}

Change your {{product}} employer monthly pension contribution to £{{value}}

Update savings elsewhere monthly employer contribution £{{value}}

Update guaranteed annual income £{{value}}

Change the retirement age on your Aegon pension to {{value}}

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