Pension Forecast Advice

A pension forecast will tell you what kind of income a pension will yield in retirement. This can be requested from various pension schemes, whether they are private, company-based or the State Pension. A State Pension forecast can be obtained from the Government’s website, whereas if you’re contributing to a company-based pension scheme you’re entitled to ask the company directly. Personal pension providers can also be queried in a similar way.

Any forecast you receive will be based on a number of assumptions, and is a prediction rather than a guarantee. A number of factors such as your income, inflation or investment growth can change over a number of months or years. Obtaining new forecasts is advised should you think they are necessary.