Therefore, it is imperative that an individual plans well in advance to build a corpus which is sufficient enough to meet the regular expenses or handle any unforeseen event post retirement.

A pension plan provides retirement amount that an individual can get from his/her insurance provider regularly as a lump sum. LIC offers to its customers a wide range of life insurance plans to suit their varying insurance needs.

Immediate annuity plans pay lifelong annuities at a fixed rate to the individual and thereby provides you with a non-stop source of income. This feature has been added keeping in mind the self-financed and voluntary or early retirement.

Therefore, in order to get the most reliable results from the Pension Calculator, make sure you enter your date of birth as per your government IDs. Non-resident Capital Gains Tax calculator added to the page. Regardless of the children and family being supportive or not, most people, who have earned the bread for themselves and their family for their entire life, would not want to depend on their children or family members for meeting their expenses after retirement. You can also calculate how much premiums you will have to pay if you want a specified annuity income at specific intervals. This feature has been incorporated in the Pension Calculator keeping the self-employed people in mind as well the increasing trend of voluntary or early retirement. You can also fill the option of growth in your savings annually before calculating the pension with the help of pension calculator. Once you've an idea of the size of your pot, you can start to think about what you might do with your pension fund when you retire. This is because withdrawals from any time before this age hit an early withdrawal penalty of 10% on top of the usual income tax.

The following are the key inputs you need to key in the Pension Plan Calculator in order to get viable results: The date of birth you need to enter in this field of the Pension Calculator is majorly for record keeping purposes. provides a FREE pension calculator and other fund calculators to help consumers make the best retirement planning decisions. 06 Registration Code No. By filling these details, the pension plan calculator will give the following details -. It is within the realm of possibility to desire a vacation or pursue a hobby once you reach you golden years and are already free from all the workplace responsibilities.

The way to assess the corpus sufficient for you is by using our retirement planning calculator.

If you want to calculate your life long income in the immediate annuity plan then you can use the annuity calculator to calculate the income you will receive. Hence, pension plan LIC Calculator helps you not only to plan for your retirement but also to calculate the income which you will receive after your retirement and it enables you to calculate the premium payments on the pension plan easily. Calculate how much tax relief you can get on your pension in the 2020-21 tax year and see how it compares to 2019-20 and 2018-19. Growth Rate is the percentage by which a country’s GDP (Gross Domestic product) varies from year to year. Most of us tend procrastinate retirement planning and saving for future, with the help of retirement calculator we can very get an idea of amount of money required post retirement and helps us lead a smooth hassle free life. Therefore, if you have any current loans, do take them into consideration before mentioning your annual income in the Pension Calculator. To achieve this requirement, the amount that you have to invest monthly under: For example: If your date of birth is 02nd April'1985 and you have selected your retirement age as 60 years.

It is available on the official site of LIC Company and can be used for free. This field of the Pension Calculator requires the amount you have saved till date. To know the right investment, please fill the details below and our policy experts will get in touch with you.

One does not have to slog through the same old monotonous office life. Yearly investment required, if invested in guaranteed structure plan will be. In Unit Linked Deferred Annuity Plan you can calculate the amount of corpus that will accumulate as per your chosen premium which you want to invest, at an assumed interest and for a chosen tenure.

To help us improve GOV.UK, we’d like to know more about your visit today. This also implies the need to use our pension calculator to plan well and gather funds that should be sufficient to sustain the longer life.

At the time of buying a policy on the basis of this calculation done in the Pension Calculator, you might need to submit documentary proofs supporting the same.

**Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. In the annuity calculator, if you fill the relevant details such as your age and the corpus then the calculator will calculate how much annuity you will receive which can be monthly, quarterly, half-yearly or annually as chosen by you. Pension calculator helps you calculate the amount you could invest towards a retirement plan. For your post retirement years, you will need a monthly pension of, For the above requirement, you need to invest, For your post-retirement years, you will need a monthly pension of, You will be earning Rs.18, 84, 506 per annum with assumed growth @ 5% (you can edit this percentage and recalculate), Your savings will grow to Rs.71, 113 per annum with assumed growth @ 5% (you can edit this percentage and recalculate), For your post-retirement years, you will need a monthly pension of Rs.86, 373 (you can view the calculation details with the help of pension calculator). The figures of the pension calculator are only approximate. Date of Birth: At the time of buying a policy based on the calculation of pension calculator one needs to provide with the date of birth, which is basically needed for record keeping purpose.

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