As more and more people retire and take account based pensions, we have seen an increasing demand for the Retirement Income Simulator to present itself in the best way for the retirement phase. Once you’ve retired, inputs such as salary, contributions and career breaks are irrelevant. The only levers you’ve got are desired income and investment strategy.

So if you answer ‘Yes’ to ‘Are you already retired?’, you’ll get a simpler user interface. And instead of a lump sum drawn at retirement, you can specify multiple lump sum withdrawals at and during retirement.

Tags: retirement-planning updates user-interface