The Moneybox weekly deposit setting on the calculator assumes you’re paying a regular amount into a Moneybox Personal Pension (or equivalent personal pension) and includes this in the calculations for your projected income and projected pension pot.

The tax relief from the government you receive on your deposits into a Moneybox Personal Pension is also included in your projections.

This weekly deposit amount is in addition to any regular contributions you’re making into a workplace pension (if you have one). Similarly, if you currently have a payday boost set up for your Moneybox Pension, the calculator will assume you’re maintaining this on top of the proposed weekly deposit.