Notes to your Retirement Planning Calculator

• This Retirement Planning Calculator is not designed to offer financial advice. It does not take into consideration any individual financial circumstances other than the information provided by you above. You may wish to seek financial advice specific to your individual circumstances.
• The Retirement Planning Calculator is for illustrative purposes only. It is not designed to offer a full assessment of your retirement needs.
• The projections are estimates and are not guaranteed. The calculator gives you an indication of how much you need to save now in order to receive the income you want when you retire. In particular, the rate of growth of your savings may vary considerably and may be lower than the assumed rate of growth which is being considered above.
• The assumptions used in this Retirement Planning Calculator may change over time and the amounts of savings required may be different to the amounts indicated. Assumptions used in this Calculator and projections:
  1. After charges your savings is assumed to have an arbitrary annual rate of growth selected by us and is not an indication of the actual or likely growth rate. The actual growth rate depends on a number of factors including the nature, risk and value of the underlying investments. The actual rate of return could be higher or lower than that indicated.
  2. Additional income at retirement age assumes you choose to convert the lump sum to regular withdrawals at the quoted drawdown rate.
  3. Your salary is assumed to increase each year in line with the rate of inflation.
  4. Increases in the maximum pensionable age is assumed to be in line with the rate of inflation per annum for the purposes of projecting State Pension.
• The Retirement Planning Calculator does not take into account any pension products which could be introduced on a mandatory or voluntary basis as part of the local pension reform.
• The Retirement Planning Calculator assumes that regular existing savings will remain invested until retirement and will contribute to the overall retirement income.
• The Retirement Planning Calculator does not take into account taxation, which may affect the level of pension you receive.
• The projected State Pension is based on our interpretation of the Social Security Act and the details you have provided above. The actual amount you will receive will also depend on your Social Security Contribution record. Details about your entitlement to the State Pension may be obtained from the Ministry responsible for Social Security.
• Entitlement to State Pension depends on current legislation which may change in future.
• Additional disclosures:
  1. You should refer to the relevant product documentation for any investment consideration.
  2. These projections are an estimate and are not minimum or maximum values.
  3. Your income will depend on the growth of the investment, the conversion rate of changing the lump sum at the time of retirement, the tax treatment and any product changes.
• For further information, please contact us on info@msvlife.com