Pensions and retirement
Find out your likely retirement income
In a few easy steps, the Money Helper's pension calculator can give you an estimate of the income you'll get when you retire. Your forecast will include income from defined benefit and defined contribution pensions, and your State Pension.
When you get your results, you can alter your retirement age to see how that affects your income. You can also see how increased contributions or taking a smaller tax-free lump sum affect your yearly pension.
Citizens Advice Sheffield also run a Pension Wise Service. This is a free and impartial government service to help you explore your options for your defined contribution pension.
You can find out what you can do with your pension pot, how to shop around and what to look out for with taxes and fees. They explain how to avoid pension scams and the importance of taking your time to make sure your money lasts as long as you do.
They’ll talk about your pension options and what you can do next. Appointments will be by telephone. After your appointment, you’ll be sent a summary of your details and next steps you need to take. Call 0800 138 3944 to speak directly to a friendly guidance specialist to book an appointment.
For all other advice on Pensions contact Money Helper.
Retirement and planning for future care
If you’re working out how to pay for long-term care, for yourself or a loved one, an impartial care fees adviser can offer unbiased expert advice. Find out more about what they can do for you, how they’re paid and how to choose one that’s right for you. Alternatively you can call Money Helper on 0800 011 3797 and talk to an advisor.