Saving Tool Advanced
Use our most sophisticated tool to plan your future.
Take your forecasts much further with the UK's most comprehensive personal finance tool.
Your taxes (2025/26)
Various assumptions apply
The primary assumptions are that you are a FTE and that standard tax rates for 2025/26 apply to you. For fewer limitations, try Saving Tool Advanced.
| Year | Month | Week | |
|---|---|---|---|
| Gross Income | £22,605 | £1,884 | £435 |
| Pension Contributions£226 Saved! | £1,130 | £94 | £22 |
| Employer Pension ContributionsPot Increased | £678 | £57 | £13 |
| Taxable Income | £21,475 | £1,790 | £413 |
| Personal allowance | £12,570 | - | - |
| National Insurance | £711 | £59 | £14 |
| Income Tax | £1,781 | £148 | £34 |
| Take Home Pay | £18,983 | £1,582 | £365 |
| Added to Pension | £1,808 | £151 | £35 |
| Opportunities Found | View My Opportunities ⟶ | ||
HMRC Tax rates and rules last updated 8th Nov 2025
Your Monthly Outgoings
Essential outgoings higher than income
You should double check your numbers, but this could mean you are in an unsustainable position.
Projected Pension
Wealth & Financial Independence More Info
%
%
%
Financial independence means having enough saved that your expenses will be covered for the rest of your life.
Try the following to see how your outcome changes:
- Increase your retirement age
- Increase your pension contributions
- Reduce your non-essential outgoings
- Increase your chosen Safe Withdrawal Rate
- Reduce your spending proportion in retirement
Projected Wealth
Calculations
- FI Target = Annual outgoings (£21,600) * Years needed for 4.00% SWR (25.00) = £540,000
- Invested annual pension = £1,808
- Invested annual surplus = £0
- Inflation of 2.5% / year
- Assumes New State Pension, payments increasing with inflation (2.5% / year)
- Assumes student loans last 30 years max
- Assumes a flex-drawdown pension for illustration purposes
- Assumes you draw down pension up to the higher rate bracket (£50,270), then draw down your S&S ISA
- Pension lump sums are not included