Saving Tool Advanced
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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 10/06/2025
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
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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