RetireMe, which is available free from the iOS App Store, helps users to understand how long their pension pot will last if they withdraw their desired annual income. The app also enables users to understand the annual income that can be drawn from their pot over their chosen period of time. Both options take into account fully adjustable investment growth and fund charges.
Equiniti’s Retirement Planning App: Successful retirement needs informed planning
Equiniti developed RetireMe in response to the way savers have reacted to the new pensions freedoms introduced in April 2015. Since their introduction, £1.8 billion has already been withdrawn from pension funds and there are very real concerns that savers could unwittingly draw too much and leave themselves without adequate funds in their later years.