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UK Personal Finance Calculator 2024

Mortgage · Pension · ISA · LISA

Compare all four options side by side — including tax relief, employer matching, government bonuses, ISA allowances, and inflation-adjusted real returns.

⚙️ Your Details
£0£800k
1.00%10.00%
5 yrs35 yrs
£0£2,000
£0£300k
5 yrs40 yrs
Pension type
Auto-enrolment: You contribute from net pay. HMRC adds 20% basic rate relief at source. Higher/additional rate taxpayers reclaim extra via Self Assessment. Employer must contribute at least 3% of qualifying earnings.
Employee contribution
0%30% of salary
£0£5,000/mo
0%15% of salary
Employee: — Employer: — Total into pot: —
£0£500k
1% cautious15% aggressive
£0£20,000 annual limit
£0£500k
1% cautious15% aggressive
1860
£0£4,000 max/yr
⚠️ LISA contributions are capped at £4,000 per year. The calculator is using £4,000.
£0£200k
1% cautious15% aggressive
📊 Annual ISA Allowance Used (£20,000 limit)
⚠️ Your combined ISA + LISA contributions exceed the £20,000 annual ISA allowance. LISA contributions count towards this limit. Please reduce one or both.
0%8%
📊 Results
🏠 Mortgage
Interest saved
💼 Pension
Pot at retirement
📦 ISA
Tax-free pot
🎁 LISA
With gov bonus
🏆 Winner
by this margin
⚖️
Calculating...
Comparison Chart
Full Breakdown Table
Factor 🏠 Mortgage 💼 Pension 📦 ISA 🎁 LISA
Interest Saved
By overpaying monthly
Term Reduced
Years knocked off
Monthly Payment
Standard repayment
Guaranteed Return
Risk-free equivalent
💡 Overpaying your mortgage gives a guaranteed, risk-free return equal to your interest rate. At high rates (5%+) this often beats cautious investments after tax. Most lenders allow up to 10% overpayment per year without early repayment charges — check your terms.
Total Pension Pot
At retirement
Tax-Free Lump Sum
25% (up to £268,275)
Net Monthly Cost
After tax relief
Free Money/Year
Relief + employer match
🌱 Existing Pot Grown To
Your current pot compounded at stated return
➕ New Contributions Add
From ongoing monthly contributions
💡 Higher-rate taxpayers reclaim an extra 20% via Self Assessment on top of the 20% added at source. Combined with employer matching, the pension is typically the most powerful wealth-building tool available. Funds are locked until age 57 (rising from 55 in 2028).
Total ISA Pot
Fully tax-free growth
Real Value (Inflation)
Purchasing power today
Annual Contribution
Of £20,000 annual limit
Total Growth
Gain above new contributions
🌱 Existing Pot Grown To
Your current ISA compounded at stated return
➕ New Contributions Add
From ongoing annual contributions
💡 Stocks & Shares ISAs offer fully flexible access — withdraw any time with no tax on gains or dividends. Annual allowance is £20,000 across all ISA types combined. No employer match or tax relief, but no lock-in. Your LISA contributions count toward this £20,000 limit.
Total LISA Pot
With government bonus
Government Bonus
25% on up to £4,000/yr
Bonus Years Left
Until age 50 cutoff
Real Value
Inflation-adjusted
🌱 Existing Pot Grown To
Your current LISA compounded at stated return
➕ New Contributions Add
From ongoing contributions + bonus
💡 LISA Rules: Max contribution is £4,000/year (max £1,000/yr government bonus). Must be opened before age 40. Contributions accepted until age 50. Withdraw penalty-free only for: (1) purchasing your first home (max value £450,000), or (2) retirement from age 60. Any other withdrawal incurs a 25% penalty — which costs you more than your bonus. LISA contributions count towards your £20,000 annual ISA allowance.
Pension — Nominal
At stated return rate
Pension — Real
Purchasing power today
ISA — Nominal
At stated return rate
ISA — Real
Purchasing power today
LISA — Nominal
At stated return rate
LISA — Real
Purchasing power today
Mortgage Saving — Nominal
Interest actually saved
Mortgage Saving — Real
Inflation-adjusted
What inflation does to your money
💡 At 2.5% inflation, £100,000 today is worth only £78,120 in purchasing power in 10 years. Your returns need to beat inflation. Pensions and ISAs invested in global equities have historically returned 4–6% above inflation over the long run, but past performance is no guarantee.
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⚠️ For illustrative purposes only — not financial advice. ISA annual allowance: £20,000 across all ISA types (S&S ISA + LISA combined cannot exceed this). LISA: max £4,000/yr contribution, max £1,000/yr government bonus, open age 18–39, contributions until 50, access at 60+ or for first home ≤£450,000. Unauthorised LISA withdrawals incur a 25% penalty. Pension access age rising to 57 in 2028. Tax-free pension lump sum capped at £268,275. Consult a qualified FCA-regulated financial adviser before making decisions.