How much tax-free cash can I take from my pension?

Usually 25% of each pension, up to a lifetime total of £268,275 (the lump sum allowance).

What growth rate does the calculator use?

The FCA's intermediate projection rate for pensions (5% a year before charges and inflation), shown in the assumptions with the source.

Calculators

Pension calculator

Your pension income depends on what you have saved, what you and your employer keep paying in, growth after charges and inflation, and when you start drawing it. This calculator projects your pot at the FCA's intermediate growth rate, takes 25% of each withdrawal tax-free (up to the £268,275 lump sum allowance), taxes the rest with your State Pension of up to £12,548 a year, and shows the income it sustains to age 100.

Last reviewed 6 October 2026 · rules version rules@2026-10-06#25 · HMRC, DWP

Enter your details to see what your savings could pay you each year to age 100, in today's money, with every assumption listed.

Questions

How much tax-free cash can I take from my pension?: Usually 25% of each pension, up to a lifetime total of £268,275 (the lump sum allowance).
What growth rate does the calculator use?: The FCA's intermediate projection rate for pensions (5% a year before charges and inflation), shown in the assumptions with the source.