Popular Frequently Asked Questions

See all of our FAQ help points

How do I know what to expect to draw annually from a pension plan?

If you are unsure what level of annuity rate to specify for one or more of your pension plans you can seek advice from your financial adviser or you can view current annuity rates from the Government website moneyadviceservice.org.uk.  It is important to note that future annuity rates may be quite different from the level of annuity rates available today.

What do you mean by Desired Annual Income?

Desired Annual Income is the level of income you would like to receive in your retirement after you have paid for any mortgage, loans, debts and tax.

What is LifePlan?

LifePlan is the name of Retireeasy's financial planning calculator that models your assets, liabilities, incomes and expenditure into the future using certain assumptions you select.

What does LifePlan mean by general estimate for income (yield)?

This is how much you estimate your investments to pay out (or re-invest) as annual income expressed as a percentage of the capital sum invested.

What do I need to enter the amount of cash I have?

LifePlan calculates each year how much capital you need to use to provide your Desired Annual Income. The ‘capital take’ you need uses up your available cash first, by default, before using the capital from any other of your investments. It is possible to change the order in which LifePlan uses capital take – see ‘change the order’ adjacent to the chart selection tabs.