Just how much are charges impacting your total pension pot?
This calculator allows you to see the effects of different levels of annual charges
on a fund growing at 2.5% a year. It is NOT an illustration of the future performance of an existing or
alternative pension scheme.
* When considering this potential saving please note this calculator:
Does not take account of any costs or fees that may be incurred when transferring from an existing
pension plan to a new pension plan.
Assumes that an existing pension can be moved to a new pension with charges of 0.74% per annum (this
is the average annual charge paid by Profile Pensions clients);
Assumes a 2.5% annual fund growth rate, in reality fund performance could vary significantly from
this rate and between different pension plans.
Only considers the impact of charges, other factors should also be considered when comparing pension
We estimate over 70% of people with a personal pension could find a better deal. But many people don't want the hassle of changing providers. So they stick with the same Annual Management Charges (AMCs) for years. It seems like small numbers. But even a small reduction in fees - like 0.5 of a % - can make a big difference at retirement age.
To see if you could find a better deal, take a look at our Pension Pot calculator below. (Then phone us to see what rate we can get for you. You're under no obligation to switch or do anything more).