Pension Calculator Help Center
Step-by-step guidance in plain language: what to prepare, which fields to fill in, how to choose a pension type, and how to understand the result.
Quick start — 5 steps
- Enter your date of birth, employment start date, and planned retirement age or date.
- Select every pension-income source you have; more than one type can be added.
- Copy figures from recent statements. Do not guess a value when it appears in an official document.
- Complete required fields first, then recommended fields to reduce assumptions and improve the estimate.
- Run the calculation, verify the inputs, then review gross income, deductions, and estimated net income.
Documents and data to prepare
- Latest annual or quarterly statement from pension funds, manager insurance policies, and provident funds.
- Accumulated balance, projected monthly pension, and current contributions when available.
- For old or budgetary pensions: pensionable salary, service years, and the relevant fund/employer details.
- Information on severance, grants, unused leave/sick-day compensation, and other termination payments.
- Data relevant to National Insurance and tax fields shown by the calculator.
- Name, ID number, and bank details are not required for the calculation.
How to choose the pension type
New pension fund
Usually based on accumulated savings, future contributions, return assumptions, and conversion to a pension. Use current statement figures.
Old pension fund
Rights may depend on service, pensionable salary, and the rules of the specific old fund. Correct fund and membership periods matter.
Budgetary pension
Usually related to pensionable salary, service years, and applicable employer/public-service rules. Do not replace these with an accumulated balance.
Provident fund (Kupat Gemel)
An accumulated-savings product. The current balance, nature of funds, and withdrawal conditions matter; different portions may have different tax treatment.
Managers insurance
Use values from the policy and latest statement. Older policies can include features that cannot be reconstructed reliably from the total balance alone.
Severance, provident funds, and one-time payments
Severance and termination payments are not always part of monthly pension income. They may be paid as a lump sum, remain in a pension product, or affect tax decisions. Do not mix recurring monthly pension with one-time amounts, and avoid entering the same amount twice when it appears in more than one document.
National Insurance and taxes
Net income can differ from gross income because of income tax, health/insurance deductions, and personal tax benefits. Pension-rights fixation and individual tax history can materially change the result. Treat the tax section as a calculation based on the data and rules in the system, not as a personal ruling by the Tax Authority.
How to read the calculation result
Calculated monthly income before deductions.
Taxes, insurance, and other applicable deductions estimated by the system.
Amount after deductions the system was able to estimate from the data provided.
Severance, grants, or other amounts that should not automatically be treated as monthly pension.
Notices about missing data, assumptions, or situations that need additional verification.
How to improve accuracy
- Use figures from recent official statements instead of memory.
- Add all pension sources, not only the largest one.
- Check units: monthly income, annual income, and accumulated capital are different values.
- Do not enter the same fund or payment twice.
- If the calculator warns about a missing field, add the information and recalculate.
- Keep source documents so every entered figure can be traced back to its origin.
When professional review is especially important
- Before filing actual retirement documents or withdrawing a significant amount.
- Before choosing an irreversible payment option or waiving a pension right.
- When there are multiple employers, multiple funds, old funds, budgetary pension, or a complex transfer history.
- For pension-rights fixation, material tax benefits, or a large severance amount.
- When official documents conflict with the calculator result.
Frequently asked questions
Do I need to complete every field?
No. Required fields are needed to run the calculation. Recommended fields should be completed when the information is available because they reduce assumptions.
What if I do not know my pension type?
Start with the product name on the latest statement. If it remains unclear, use the combined option and enter only data supported by documents.
Why can the result differ from my fund statement?
The statement and calculator may use different dates and assumptions for returns, future contributions, conversion factors, and taxes. Compare the input data and calculation date first.
Is the result final?
No. It is a planning and preliminary-estimate tool. Final pension and tax rights depend on applicable rules and official institutions/funds.
Do I need to enter identifying information?
For a normal calculation, there is no need to enter your name, ID number, or bank details.
Where do I start if I have several pension products?
Add each source separately. The summary should then combine them while keeping monthly and one-time payments distinct.
© Pension Calculator — Help Center