ISA vs Pension Calculator
Compare ISA and pension outcomes with the same monthly contribution. See which gives you more after tax.
£
Winner
Pension
by £13,020
ISA value
£208,316
Tax-free
Pension (after tax)
£221,335
25% tax-free lump sum
Detailed comparison
You contribute (out of pocket)£120,000
Tax relief (pension only)+£30,000
ISA total value£208,316
Pension total value (pre-tax)£260,394
Tax-free lump sum (25%)£65,099
Withdrawal tax on remaining 75%-£39,059
Pension after all tax£221,335
Note: Pension withdrawals are taxed at your marginal rate in retirement. This assumes basic rate (20%). If you withdraw enough to be a higher rate taxpayer in retirement, the pension advantage reduces.