Free calculator
SIPP Calculator | Canada
SIPP Calculator is designed to help you model long-term growth, compare return assumptions, and plan future contributions. It works best when you want a fast, comparable estimate before you speak to a lender, provider, adviser, employer, or supplier. Use it as a planning tool rather than a final quote. This version is framed for Canada users where regional assumptions matter, so you can test a few scenarios and see how changes in the main inputs affect the outcome.
Interpretation
What your result means
Use the notes below to understand the main figures in your result and when this calculator is most useful.
When to use this calculator
- Before choosing between saving, investing, or increasing your monthly contribution.
- When you want to compare best-case, base-case, and cautious return assumptions.
- When you need a quick projection before making a longer-term portfolio decision.
Gross Contribution
Use this metric to compare scenarios side by side and understand how the key drivers affect the final outcome.
Projected Pot
Use this metric to compare scenarios side by side and understand how the key drivers affect the final outcome.
Your Cost
Use this metric to compare scenarios side by side and understand how the key drivers affect the final outcome.
Method and assumptions
Next steps
What to do next
Continue with the most relevant next step based on your result.
Example
A realistic Canada planning example
A realistic example to help you understand how the numbers fit together.
Your Annual Contribution ({symbol})
CA$250 per month
Your Tax Rate (%)
5%
Years Until Retirement
10 years
Annual Return (%)
7
After entering these figures, compare gross contribution, projected pot and your cost before deciding which scenario looks strongest.
Avoid mistakes
Common mistakes
A few things that often lead to misleading or incomplete results.
FAQ
Frequently asked questions
Helpful answers to common questions about this calculator.
How does SIPP tax relief work?
HMRC adds basic rate (20%) tax relief to your contributions automatically. A £800 net contribution becomes £1,000 in your SIPP. Higher rate taxpayers claim the additional 20% through self-assessment.
When can I access my SIPP?
From age 57 from 2028 (currently 55). You can take 25% as a tax-free lump sum; the remainder is taxed as income when withdrawn.
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Guides
Related guides
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