Tax optimisation calculator 

This calculator helps you decide what is the most tax-efficient way to pay additional voluntary contributions. It works how much you would need to pay to remove any higher-rate tax liability and how much you would have to pay to significantly reduce or remove your standard-rate tax liability.

If you are earning or are likely to earn more than £100,000 pa please consider the changes to tax relief being introduced and the ‘anti-forestalling’ measures announced by the government before making any decision about the payment of extra pension contributions. To find out more click here. If you are unsure you should seek financial advice.

 Open calculator

If you are experiencing technical problems with the calculator please see our help page or contact our webmaster if you can not find the solution.

How to use the calculator

Simply enter your:

• current tax code (refer to your payslip)
• current pensionable salary
• non-pensionable salary together with
• details of any current additional voluntary contributions and
• other non-taxable income

Then click ‘calculate’ and a list of results will appear.

You can choose to display the results as regular monthly contributions or by lump-sum payments.

Please note the following: 

The calculator is intended as a general guide only. It should not be used for financial planning for retirement purposes. If you would like specific guidance, please speak to the pension contact at your institution.