How pensions are calculated

Terry Hay

Published on: 20/02/2026

How pensions are calculated across defined contribution, defined benefit and state pension systems. Learn the core formulas, the inputs that matter most, and how to turn a pension pot into a target retirement income.

O.T.T.E.R. Insights

How Do Pensions Work? A Clear, Practical Explanation

Terry Hay

Published on: 23/01/2026

How do pensions work? A fund analyst explains how pensions really work, why they often become your biggest asset, and how your money is invested over decades to fund retirement.

O.T.T.E.R. Insights