This calculator estimates how your pension pot may grow based on the information you enter, including your current pot, monthly contributions, investment period, assumed annual growth rate, and fees. It shows two projections: one for Freetrade and one for your selected provider, or Others if you enter custom fees.
This comparison assumes a like-for-like portfolio and charging basis. Although note that your current portfolio may include investments not currently supported by Freetrade. The illustration assumes up to 12 UK share trades per year in GBP only and does not include FX costs. Growth is compounded monthly using an effective monthly growth rate, and monthly contributions are assumed to be made at the start of each month.
Each month, the model adds your contribution, applies growth, and then deducts trading fees (where applicable), percentage-based platform fees (charged monthly), and any fixed monthly fees. Tax relief is added separately every three months (at the end of months 3, 6, 9, 12, and so on), after growth and before fees in those months. Results are shown annually.
Results are shown as a range of plus or minus 10% around the calculated projection to reflect uncertainty. This range is illustrative only and does not represent a guaranteed minimum or maximum outcome. Trading fees use a fixed trade count and do not reflect individual trading behaviour. The illustration excludes fund ongoing charges, bid-offer spreads, fund dealing charges, and any exit or transfer fees. Investments can fall as well as rise in value, and you could get back less than you invest.
This calculator assumes basic rate pension tax relief of 20% is added under relief at source. The monthly contribution you enter is treated as a net contribution, and tax relief is modelled as being added in 3-monthly batches (at the end of months 3, 6, 9, 12, and so on). If the illustration ends part-way through a 3-month batch, any earned-but-not-yet-paid tax relief is added to the final value shown (without additional growth applied to that extra amount).
This calculator does not assess your income, tax position, or eligibility for pension tax relief, including annual allowance restrictions, tapered allowance, money purchase annual allowance, or relevant UK earnings rules
SIPP rules apply. Tax treatment depends on your personal circumstances and current rules may change.
A SIPP is a pension designed for people who want to make their own investment decisions. You can normally only access your money from age 55 (57 from 2028). Freetrade currently only supports Uncrystallised Fund Pension Lump Sums (UFPLS) for SIPP withdrawals.
Before transferring, check for any exit fees or loss of benefits from your current provider. Pensions transferred to Freetrade may lose any protected pension age benefit, meaning you may not be able to draw the money until age 57. Seek professional advice if you need help with your pension.
When you contribute to your pension, we automatically claim 20% basic-rate tax relief for you and pay it into your Freetrade SIPP. This usually arrives within 6 to 11 weeks.
For example, if you put in £80, the government tops it up by £20, making £100 in your pension.
If you are a higher or additional rate taxpayer, you may be able to claim extra tax relief through your tax return. This is on top of the 20% basic rate tax relief already added to your pension. Depending on your rate, the total relief can be up to 40% or 45%, or 48% in Scotland.
Pension and tax rules can change, benefits depend on your circumstances, contribution limits apply, and pension access is normally from age 55 (rising to 57 from 2028).
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