Pension Calculator
Use our interactive pension calculator to estimate your monthly retirement income based on your current situation.
Advanced Pension Calculator
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Basic Information & Earnings
Enter your current age, salary, and retirement plans
Your current basic monthly salary before allowances
Average of your highest 36 monthly contributions (for SSNIT Tier 1 calculation)
Understanding Your Pension Calculation
This calculator provides an estimate of your monthly pension at retirement based on your current age, salary, contribution percentage, and expected retirement age. The calculation includes:
Tier 1 - SSNIT Pension (13.5%)
Worker contribution: 13.5% of gross income (mandatory). This goes to the Social Security and National Insurance Trust (SSNIT) and provides a monthly pension based on your pension rights percentage and best 3-year average salary.
Tier 2 - Occupational Pension (5.0%)
Employer contribution: 5% of basic salary (mandatory). Managed by licensed private trustees, this provides a lump sum benefit and potential annuity income at retirement based on investment performance.
Tier 3 - Voluntary Contributions (0-16.5%)
Optional personal contributions: Up to 16.5% of gross income. These voluntary contributions are tax-deductible and provide additional retirement savings to supplement your mandatory pension benefits.
Total Contribution Summary
Important Notes
- This calculator uses simplified assumptions and is meant for illustrative purposes only.
- Actual pension values will depend on investment performance, inflation rates, and regulatory changes.
- The calculation assumes consistent contributions throughout your working years.
- Tier 1 pension rights: 37.5% for first 15 years + 1.125% per additional year (max 60%).
- We recommend reviewing your pension plan regularly with a financial advisor.
- References: SSNIT Act, 2008 (Act 766) and National Pensions Regulatory Authority (NPRA) guidelines.