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Can You Predict My Pension Income Now?

By October 6, 2022No Comments

You can find your projected retirement benefits on your annual pension statement, which can be downloaded from the Creative Pension Trust Member Portal.

If you haven’t been with Creative Pension Trust for at least a year, you may not have received an annual pension statement yet. However, you can still see a forecast of your retirement on the dashboard in the Creative Pension Trust Member Portal.

Click here and use our member portal to see all your pension details on your dashboard

What retirement date are the forecasts based on?

The figures given on your annual pension statement are based on the assumption that you plan to retire at the age of 65.

If you plan to retire earlier or later, you can update your details in the member portal. We can then give you a more accurate prediction, based on your specific target or expected retirement age.

Why it’s worth getting an accurate pension forecast

Seeing a forecast of what your pension will be worth in the future can make a big difference to your retirement planning.

For example, if you find that your predicted pension income won’t be as much as you were hoping for or expecting, you have time to make meaningful changes to your retirement plan.

That in turn can put you in a much stronger position to achieve your long-term financial and lifestyle goals.

However, you should remember that the projection given in your pension statement is only an estimate, not a guarantee or promise of what it will be worth.

It’s important to stress this point, as who can say with absolute certainty what the future looks like? What will inflation be in thirty or forty years’ time? Will future governments make significant changes, such as increasing the state pension age? We can’t say for sure, so it’s important to bear this in mind as you plan for the future.

What if I have more than one pension?

Many of us have more than one pension, which can make it harder to see what the overall picture looks like.

That’s why we’ve introduced our Track, Trace and Transfer tool, so you can see all your pensions in one convenient place. You can also easily transfer old pots to your Creative Pension Trust account, so you can manage everything in one handy location.

Not only that, you can use the Retirement Modeller in our member portal, which takes your pension and other relevant financial information, such as details on your savings, into account, so you have a good idea of what your retirement looks like.

See if you’re on track for retirement

Find out if your pension savings are on track and get help making a plan to achieve the retirement you deserve.

Build your plan
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