RG

Retirement Forecast — Richard's Retirement

Stress Test Scenarios
Age Adjusted Income
Dividend Growth
Basic-Rate SIPP Before ISA
Age
Income
SIPP Values
ISA Values
Other Income
Growth & Inflation
Portfolio Summary
Year 1
Portfolio Charts
Portfolio Value Over Time
Income Sources by Year
Tax Analysis by Year
Pot Balances
Year-by-Year Forecast
Detailed Forecast
AgeYr SIPP StartISA StartTFC LeftPA Headroom Target Income Priv PensionState Pension Div/InterestTFC Used SIPP (PA) SIPP (Taxable)Tax PaidISA Drawn Net Income SIPP GrowthISA Growth SIPP EndISA End Total NominalTotal Real
Age TFC Left Target Income Priv Pension State Pension TFC Used SIPP (PA) SIPP Taxable Tax Paid ISA Drawn Net Income SIPP End ISA End Total Nominal Total Real
© Richard G. - Retirement Forecast
Settings
Personal
Private Pension
Tax & Allowances
Guide
Stress Test Scenarios
Pessimistic: low real returns, unlikely but possible.
Realistic: typical returns based on long-term averages.
Optimistic: higher returns, ambitious but achievable over the long term.
Real return: purchasing power growth after inflation.
Lump Sum Allowance (LSA)
HMRC caps the total tax-free cash you can take across your lifetime at £268,275 (editable in Settings). Your tax-free entitlement can grow with your pot, but only up to this cap. Once drawn in full, all remaining SIPP withdrawals are taxable.
Basic-Rate SIPP Before ISA
ISA withdrawals are always tax-free, whenever you take them — so there's no cost to leaving your ISA untouched a bit longer. SIPP withdrawals above your Personal Allowance are taxed at that year's marginal rate, and your basic-rate (20%) headroom isn't guaranteed to still be there in future years — e.g. once State Pension starts eating into your Personal Allowance, or if a later year's income pushes you into 40%. With this toggle on (the default), the forecast draws basic-rate SIPP before ISA each year, so cheap-tax headroom isn't left unused and deferred into a costlier year. Turn it off to preserve SIPP for longer instead, drawing on ISA first.
Drawdown Order
  • 1.SIPP within Personal Allowance (0% tax)
  • 2.SIPP Tax-Free Cash
  • 3.Taxable SIPP within basic-rate band (20% tax) — only if Basic-Rate SIPP Before ISA is on
  • 4.ISA withdrawal
  • 5.Any remaining taxable SIPP (20% tax if step 3 was skipped by the toggle being off, otherwise 40%/45%)
TFC Used Column
The year your lifetime allowance is reached, the TFC Used cell turns red — all further SIPP withdrawals are fully taxable from that point. If you've already taken tax-free cash, record it in TFC Already Taken so the forecast deducts it correctly.
ISA Money Market
This value is subtracted from your ISA total before forecasting. It doesn't grow, isn't drawn down, and earns no interest in the model. Any real interest it generates should go in the Dividend & Interest Income field.
Import Data

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Reset Tax & Settings

This will reset all tax and settings to defaults. This cannot be undone.

Reset All Data

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Retirement Forecast | | © Richard G.
Year-by-Year Forecast