Expat Compass · Retirement Planning

Retirement Income Workbook

Fillable workbook for State Pension, DB, DC drawdown, ISA and rental income. Includes a 10-year projection table.

📊 5 sections · fillable 🗓️ Updated January 2025 (2025/26 rates) ⚠️ Educational only — not financial advice

A. Your Retirement Profile

Full name
Current age
State Pension age
Target retirement age
Destination country
Annual spending target (£/yr)What do you need to live comfortably?
Estimated inflation rate (%)
Investment return on DC pot (%)

B. Income Sources (Year 1 of Retirement)

Income sourceAnnual amount (£)Notes / assumptions
State pension
UK State Pension2025/26 full = £11,502/yr. Check forecast at gov.uk
Defined benefit (final salary) pensions
DB Pension 1 (employer name)
DB Pension 2
Defined contribution (DC) / SIPP / drawdown
DC Pot value (£)Total SIPP / personal pension pot at retirement
Annual DC drawdown (£/yr)How much you'll withdraw annually. Rule of thumb: 4% of pot
ISA & investments
Annual ISA drawdown (£/yr)Tax-free. Keep separate from taxable investments.
Investment / dividend income (£/yr)
Property & other
UK rental income (net after mortgage/expenses, £/yr)
Other income (e.g. part-time, overseas rental)
TOTAL ANNUAL INCOME£0

C. UK Tax Estimate (Year 1)

This is a simplified UK Income Tax estimate for a non-UK resident receiving UK-source income. Actual tax depends on your full income picture, DTA reliefs, and specific tax advice.
UK Personal Allowance (2025/26)Non-UK residents retain PA unless on worldwide income over £100k£12,570
UK taxable income (estimated)State Pension + DB + DC + rental + dividends — not ISA£0
Income above Personal Allowance£0
Basic rate tax (20%, up to £37,700)£0
Higher rate tax (40%, above £50,270)£0
Estimated UK Income Tax£0
Estimated net income after UK tax£0

Gap vs Target

Total gross income£0
Estimated UK tax£0
Net income after tax£0
Annual spending target£0
Annual surplus / deficit£0
£0
Gross income
£0
Net income
£0
Surplus / deficit
DC pot lasts (years)

D. 10-Year Retirement Income Projection

Assumes inflation grows your spending target annually, State Pension increases by 2.5% (triple lock average), DC pot grows at your stated return and depletes by drawdown amount.

Age / Year State Pension (£) DB Pension (£) DC Drawdown (£) Other income (£) Total gross (£) Est. UK tax (£) Net income (£) Target spend (£) Surplus/deficit DC pot (£)

E. Assumptions & Planning Notes

UK property plans
Pension transfer plans
NI voluntary contributions
State Pension uprating note
Destination tax arrangement
Healthcare arrangements
Key risks / concerns
Financial adviser
Date of this workbook
Additional notes:
Disclaimer: This workbook provides rough estimates only. UK tax calculations are simplified and do not reflect DTA relief, pension commencement lump sums, or all available allowances. Always work with a qualified cross-border financial adviser. 2025/26 figures used throughout.

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