Average growth rate at 4% per year when inflation at 2% is taken into account
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    /* Styling for the form */
    #pensionCalculator {
        margin: auto;
        color: #ffffff;
        font-family: Arial, sans-serif;
    }

    /* Label styling */
    #pensionCalculator label {
        display: block;
        margin-bottom: 8px;
        font-weight: bold;
    }

    /* Input, select, and checkbox styling */
    #pensionCalculator input[type="text"],
    #pensionCalculator input[type="number"],
    #pensionCalculator select {
        width: 100%;
        padding: 12px;
        margin-bottom: 15px;
        background-color: #ffffff;
        color: #333;
        border: none;
        border-radius: 8px;
        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);
        font-size: 16px;
    }

    /* Checkbox styling */
    #pensionCalculator input[type="checkbox"] {
        width: auto;
        margin-right: 10px;
    }

    /* Button styling */
    #pensionCalculator button[type="submit"] {
        width: 100%;
        padding: 12px;
        font-size: 18px;
        font-weight: bold;
        color: #black;
        background-color:#fff054;
        border: none;
        border-radius: 8px;
        cursor: pointer;
        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);
    }

</style>

<form id="pensionCalculator">
    <label for="dob">Date of Birth (YYYY-MM-DD):</label>
    <input type="text" id="dob" name="dob" required
           placeholder="YYYY-MM-DD" maxlength="10" pattern="\d{4}-\d{2}-\d{2}"
           title="Please enter in YYYY-MM-DD format"><br>

    <label for="gender">Gender:</label>
    <select id="gender" name="gender" required>
        <option value="male">Male</option>
        <option value="female">Female</option>
    </select><br>

    <label for="retirementAge">I would like to retire at the age of:</label>
    <input type="number" id="retirementAge" name="retirementAge" required><br>

    <label for="salary">Gross Salary Per Year (£):</label>
    <input type="number" id="salary" name="salary" required><br>

    <label for="pensionPot">Current Value of Your Pension Pot (£):</label>
    <input type="number" id="pensionPot" name="pensionPot" required><br>

    <label for="yourContribution">Your Gross Contributions Per Month (£):</label>
    <input type="number" id="yourContribution" name="yourContribution" required><br>

    <label for="employerContribution">Your Employer's Gross Contributions Per Month (£):</label>
    <input type="number" id="employerContribution" name="employerContribution" required><br>

    <label for="lumpSum">
        <input type="checkbox" id="lumpSum" name="lumpSum">
        I want to take a 25% tax-free lump sum
    </label><br>

    <button type="submit">Calculate Pension</button>
</form>

<div id="result"></div>

<script>
jQuery(document).ready(function() {
    // Auto-format Date of Birth input with dashes (YYYY-MM-DD)
    jQuery('#dob').on('input', function() {
        var dob = jQuery(this).val().replace(/\D/g, ''); // Remove non-digit characters
        if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);
        if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);
        jQuery(this).val(dob);
    });

    jQuery('#pensionCalculator').on('submit', function(e) {
        e.preventDefault();

        // Validate DOB format
        var dobValue = jQuery('#dob').val();
        var dobPattern = /^\d{4}-\d{2}-\d{2}$/;
        if (!dobPattern.test(dobValue)) {
            alert("Please enter the Date of Birth in the format YYYY-MM-DD.");
            return;
        }

        // Convert DOB to Date object
        var dob = new Date(dobValue);
        if (isNaN(dob.getTime())) {
            alert("Invalid date. Please check the Date of Birth format.");
            return;
        }

        var retirementAge = parseInt(jQuery('#retirementAge').val());
        var pensionPot = parseFloat(jQuery('#pensionPot').val());
        var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;
        var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;
        var lumpSumChecked = jQuery('#lumpSum').is(':checked');

        // Calculate the number of years until retirement
        var currentYear = new Date().getFullYear();
        var age = currentYear - dob.getFullYear();
        var yearsUntilRetirement = retirementAge - age;

        if (yearsUntilRetirement <= 0) {
            jQuery('#result').html("<p>You've already reached your desired retirement age!</p>");
            return;
        }

        // Initial contributions and total pension pot at retirement
        var estimatedPensionPot = pensionPot;
        var annualGrowthRate = 0.04;

        // Loop through each year until retirement
        for (var i = 0; i < yearsUntilRetirement; i++) {
            var totalAnnualContribution = (yourContribution + employerContribution);
            estimatedPensionPot += totalAnnualContribution;
            estimatedPensionPot *= (1 + annualGrowthRate);
        }

        // Calculate tax-free lump sum if selected
        var lumpSum = 0;
        if (lumpSumChecked) {
            lumpSum = estimatedPensionPot * 0.25;
        }

        var remainingPot = estimatedPensionPot - lumpSum;
        var yearsOfDrawdown = 20;
        var annualPensionPayment = remainingPot / yearsOfDrawdown;

        var statePension = 0;
        if (retirementAge >= 68) {
            statePension = 221.20 * 52;
        }

        var totalAnnualIncome = annualPensionPayment + statePension;

        // Display results in the #result div
        jQuery('#result').html(`
            <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}</p>
            ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}</p>` : ''}
            <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}</p>
            <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}</p>
            ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}</p>` : ''}
            <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}</p>
        `);
    });
});
</script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100","color":"#ffffff","border-radius":"7"},"nicename":"Code Block (#2)","activeselector":false,"ct_depth":3}'][/ct_code_block][ct_headline ct_sign_sha256='8640a79d948479dda45c1946da20ef350523027fc2beebf93201a4024544b862' ct_options='{"ct_id":5,"ct_parent":8,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0","width-unit":"%","width":"100","max-width":"600"},"nicename":"Heading (#5)","activeselector":false,"ct_depth":3}']Assumptions[/ct_headline][ct_text_block ct_sign_sha256='6843f2aeb1380ec9fee6ae015a3fa1545594c0c8910105b6017fc4e240134da7' ct_options='{"ct_id":3,"ct_parent":8,"selector":"text_block-3-49164","original":{"max-width":"600","width-unit":"%","width":"100","text-align":"left"},"nicename":"Text (#3)","activeselector":"","ct_depth":3}']Average growth rate at 4% per year when inflation at 2% is taken into account[/ct_text_block][/ct_div_block_2]
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ct_builder_json: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results in the #result div\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100","color":"#ffffff","border-radius":"7"},"nicename":"Code Block (#2)","activeselector":false},"depth":3},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":8,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0","width-unit":"%","width":"100","max-width":"600"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":3},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":8,"selector":"text_block-3-49164","original":{"max-width":"600","width-unit":"%","width":"100","text-align":"left"},"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account","activeselector":""},"depth":3}]}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":3,"name":"ct_code_block","options":{"ct_id":3,"ct_parent":0,"selector":"code_block-3-49164","original":{"code-php":" <h1>Pension Calculator<\/h1>\n \n <label for=\"currentAge\">Current Age:<\/label>\n <input type=\"number\" id=\"currentAge\" value=\"30\"><br><br>\n \n <label for=\"retirementAge\">Retirement Age:<\/label>\n <input type=\"number\" id=\"retirementAge\" value=\"67\"><br><br>\n \n <label for=\"currentPensionPot\">Current Pension Pot (£):<\/label>\n <input type=\"number\" id=\"currentPensionPot\" value=\"50000\"><br><br>\n \n <label for=\"monthlyContributions\">Initial Monthly Contributions (£):<\/label>\n <input type=\"number\" id=\"monthlyContributions\" value=\"500\"><br><br>\n \n <label for=\"expectedReturnRate\">Expected Annual Return Rate (%):<\/label>\n <input type=\"number\" id=\"expectedReturnRate\" value=\"5\" step=\"0.1\"><br><br>\n \n <label for=\"annuityRate\">Annuity Rate (%):<\/label>\n <input type=\"number\" id=\"annuityRate\" value=\"4.5\" step=\"0.1\"><br><br>\n \n <label for=\"statePension\">Expected State Pension (£):<\/label>\n <input type=\"number\" id=\"statePension\" value=\"10600\"><br><br>\n \n <button onclick=\"calculatePension()\">Calculate Total Retirement Income<\/button>\n\n <h2>Results:<\/h2>\n <p id=\"totalPensionPot\"><\/p>\n <p id=\"annuityIncome\"><\/p>\n <p id=\"totalIncome\"><\/p>\n\n <script>\n function calculatePension() {\n \/\/ Get user inputs\n const currentAge = parseFloat(document.getElementById('currentAge').value);\n const retirementAge = parseFloat(document.getElementById('retirementAge').value);\n const currentPensionPot = parseFloat(document.getElementById('currentPensionPot').value);\n const initialMonthlyContributions = parseFloat(document.getElementById('monthlyContributions').value);\n const expectedReturnRate = parseFloat(document.getElementById('expectedReturnRate').value) \/ 100; \/\/ Convert percentage to decimal\n const annuityRate = parseFloat(document.getElementById('annuityRate').value) \/ 100; \/\/ Corrected closing bracket\n const statePension = parseFloat(document.getElementById('statePension').value);\n \n \/\/ Calculate remaining years until retirement\n const remainingYears = retirementAge - currentAge;\n\n \/\/ Initialize future pension pot\n let futurePensionPot = currentPensionPot;\n\n for (let year = 0; year < remainingYears; year++) {\n \/\/ Apply annual management charge of 1%\n futurePensionPot *= (1 - 0.01); \/\/ Reduce by 1%\n\n \/\/ Increase contributions by 3.5% each year\n const monthlyContributions = initialMonthlyContributions * Math.pow(1.035, year);\n \/\/ Calculate contributions for the year\n const totalYearlyContributions = monthlyContributions * 12;\n\n \/\/ Calculate future value with returns\n futurePensionPot = futurePensionPot * (1 + expectedReturnRate) + totalYearlyContributions;\n }\n\n \/\/ Calculate annuity income\n const annuityIncome = futurePensionPot * annuityRate;\n\n \/\/ Calculate total retirement income\n const totalIncome = annuityIncome + statePension;\n\n \/\/ Display results\n document.getElementById('totalPensionPot').innerText = \"Future Pension Pot: £\" + futurePensionPot.toFixed(2);\n document.getElementById('annuityIncome').innerText = \"Annuity Income: £\" + annuityIncome.toFixed(2);\n document.getElementById('totalIncome').innerText = \"Total Retirement Income: £\" + totalIncome.toFixed(2);\n }\n <\/script>","padding-top":"25","padding-right":"25","padding-bottom":"25","padding-left":"25","border-top-color":"#5b5b5b","border-right-color":"#5b5b5b","border-bottom-color":"#5b5b5b","border-left-color":"#5b5b5b","border-all-color":"#5b5b5b","border-top-width":"1","border-right-width":"1","border-bottom-width":"1","border-left-width":"1","border-all-width":"1","border-top-style":"solid","border-right-style":"solid","border-bottom-style":"solid","border-left-style":"solid","border-all-style":"solid","margin-bottom":"35"},"nicename":"Code Block (#3)","activeselector":false},"depth":2},{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">How Much You Want to Take as a Tax-Free Lump Sum (%):<\/label>\n <input type=\"number\" id=\"lumpSum\" name=\"lumpSum\" max=\"25\" required><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumPercentage = parseFloat(jQuery('#lumpSum').val()) \/ 100;\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial growth and charge settings\n var growthRate = 0.02; \/\/ 3% growth rate per year\n var annualCharge = 0.01; \/\/ 1% annual charge\n var contributionIncreaseRate = 0.035; \/\/ 3.5% increase in contributions each year\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution) * Math.pow(1 + contributionIncreaseRate, i);\n \n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply growth to the pension pot\n estimatedPensionPot *= (1 + growthRate);\n\n \/\/ Deduct annual charge from the pension pot\n estimatedPensionPot *= (1 - annualCharge);\n }\n\n \/\/ Calculate tax-free lump sum\n var lumpSum = estimatedPensionPot * lumpSumPercentage;\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is simply the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n <p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n\n<\/script>\n\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n \n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ Apply annuity charge (1%)\n var annuityChargeRate = 0.01; \/\/ 1% annuity charge\n remainingPot *= (1 - annuityChargeRate);\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum and Annuity Charge: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n \n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ Apply annuity charge (1%)\n var annuityChargeRate = 0.02; \/\/ 1% annuity charge\n remainingPot *= (1 - annuityChargeRate);\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum and Annuity Charge: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.05; \/\/ 5% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 5% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ Apply annuity charge (1%)\n var annuityChargeRate = 0.01; \/\/ 1% annuity charge\n remainingPot *= (1 - annuityChargeRate);\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum and Annuity Charge: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.05; \/\/ 5% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 5% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 5% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 5% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 5% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 5% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required\n min=\"1920-01-01\" max=\"2006-12-31\" placeholder=\"YYYY-MM-DD\"\n pattern=\"\\d{4}-\\d{2}-\\d{2}\" title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Set initial date value for easier navigation\n let dobInput = jQuery(\"#dob\");\n dobInput.on(\"focus\", function() {\n if (!dobInput.val()) {\n \/\/ Default to a date that assumes the user is around 40 years old (e.g., 1980)\n dobInput.val(\"1980-01-01\");\n }\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 4% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 4% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth:<\/label>\n <input type=\"date\" id=\"dob\" name=\"dob\" required><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Fetch input values\n var dob = new Date(jQuery('#dob').val());\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked'); \/\/ Check if lump sum is selected\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 5% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 5% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 4% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 4% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12; \/\/ Convert monthly to annual\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12; \/\/ Convert monthly to annual\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04; \/\/ 4% growth rate\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n \/\/ Calculate total annual contribution for the current year\n var totalAnnualContribution = (yourContribution + employerContribution);\n\n \/\/ Add annual contributions to pension pot\n estimatedPensionPot += totalAnnualContribution;\n\n \/\/ Apply 4% growth to the pension pot\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25; \/\/ 25% lump sum\n }\n\n \/\/ Adjust the remaining pot after the lump sum\n var remainingPot = estimatedPensionPot - lumpSum;\n\n \/\/ The annual pension payment is the remaining pot divided by the number of years expected to draw from it\n var yearsOfDrawdown = 20; \/\/ Assume you plan to draw from the pot for 20 years\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n \/\/ Include state pension if retirement age is 68 or above\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52; \/\/ Annual state pension based on £221.20 per week\n }\n\n \/\/ Total annual income including state pension\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">I want to take a 25% tax-free lump sum:<\/label>\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\"><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n max-width: 500px;\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #ffffff;\n background-color: #007bff;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n max-width: 500px;\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #ffffff;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n max-width: 500px;\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20"},"nicename":"Code Block (#2)","activeselector":false},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n max-width: 500px;\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20"},"nicename":"Code Block (#2)","activeselector":false},"depth":2},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":0,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20"},"nicename":"Code Block (#2)","activeselector":false},"depth":2},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100"},"nicename":"Code Block (#2)","activeselector":false},"depth":3}]},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results in the #result div\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100"},"nicename":"Code Block (#2)","activeselector":false},"depth":3}]},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n #pensionCalculator button[type=\"submit\"]:hover {\n background-color: #0056b3;\n }\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results in the #result div\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100","color":"#ffffff"},"nicename":"Code Block (#2)","activeselector":false},"depth":3}]},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results in the #result div\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100","color":"#ffffff"},"nicename":"Code Block (#2)","activeselector":false},"depth":3}]},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":0,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":2},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":0,"selector":"text_block-3-49164","original":[],"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account"},"depth":2}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
ct_builder_shortcodes_revisions: {"id":0,"name":"root","depth":0,"children":[{"id":8,"name":"ct_div_block","options":{"ct_id":8,"ct_parent":0,"selector":"div_block-8-49164","original":{"text-align":"left","align-items":"center"},"nicename":"Div (#8)"},"depth":2,"children":[{"id":2,"name":"ct_code_block","options":{"ct_id":2,"ct_parent":8,"selector":"code_block-2-49164","original":{"code-php":"<style>\n \/* Styling for the form *\/\n #pensionCalculator {\n margin: auto;\n color: #ffffff;\n font-family: Arial, sans-serif;\n }\n\n \/* Label styling *\/\n #pensionCalculator label {\n display: block;\n margin-bottom: 8px;\n font-weight: bold;\n }\n\n \/* Input, select, and checkbox styling *\/\n #pensionCalculator input[type=\"text\"],\n #pensionCalculator input[type=\"number\"],\n #pensionCalculator select {\n width: 100%;\n padding: 12px;\n margin-bottom: 15px;\n background-color: #ffffff;\n color: #333;\n border: none;\n border-radius: 8px;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\n font-size: 16px;\n }\n\n \/* Checkbox styling *\/\n #pensionCalculator input[type=\"checkbox\"] {\n width: auto;\n margin-right: 10px;\n }\n\n \/* Button styling *\/\n #pensionCalculator button[type=\"submit\"] {\n width: 100%;\n padding: 12px;\n font-size: 18px;\n font-weight: bold;\n color: #black;\n background-color:#fff054;\n border: none;\n border-radius: 8px;\n cursor: pointer;\n box-shadow: 0 2px 4px rgba(0, 0, 0, 0.2);\n }\n\n<\/style>\n\n<form id=\"pensionCalculator\">\n <label for=\"dob\">Date of Birth (YYYY-MM-DD):<\/label>\n <input type=\"text\" id=\"dob\" name=\"dob\" required\n placeholder=\"YYYY-MM-DD\" maxlength=\"10\" pattern=\"\\d{4}-\\d{2}-\\d{2}\"\n title=\"Please enter in YYYY-MM-DD format\"><br>\n\n <label for=\"gender\">Gender:<\/label>\n <select id=\"gender\" name=\"gender\" required>\n <option value=\"male\">Male<\/option>\n <option value=\"female\">Female<\/option>\n <\/select><br>\n\n <label for=\"retirementAge\">I would like to retire at the age of:<\/label>\n <input type=\"number\" id=\"retirementAge\" name=\"retirementAge\" required><br>\n\n <label for=\"salary\">Gross Salary Per Year (£):<\/label>\n <input type=\"number\" id=\"salary\" name=\"salary\" required><br>\n\n <label for=\"pensionPot\">Current Value of Your Pension Pot (£):<\/label>\n <input type=\"number\" id=\"pensionPot\" name=\"pensionPot\" required><br>\n\n <label for=\"yourContribution\">Your Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"yourContribution\" name=\"yourContribution\" required><br>\n\n <label for=\"employerContribution\">Your Employer's Gross Contributions Per Month (£):<\/label>\n <input type=\"number\" id=\"employerContribution\" name=\"employerContribution\" required><br>\n\n <label for=\"lumpSum\">\n <input type=\"checkbox\" id=\"lumpSum\" name=\"lumpSum\">\n I want to take a 25% tax-free lump sum\n <\/label><br>\n\n <button type=\"submit\">Calculate Pension<\/button>\n<\/form>\n\n<div id=\"result\"><\/div>\n\n<script>\njQuery(document).ready(function() {\n \/\/ Auto-format Date of Birth input with dashes (YYYY-MM-DD)\n jQuery('#dob').on('input', function() {\n var dob = jQuery(this).val().replace(\/\\D\/g, ''); \/\/ Remove non-digit characters\n if (dob.length > 4) dob = dob.slice(0, 4) + '-' + dob.slice(4);\n if (dob.length > 7) dob = dob.slice(0, 7) + '-' + dob.slice(7);\n jQuery(this).val(dob);\n });\n\n jQuery('#pensionCalculator').on('submit', function(e) {\n e.preventDefault();\n\n \/\/ Validate DOB format\n var dobValue = jQuery('#dob').val();\n var dobPattern = \/^\\d{4}-\\d{2}-\\d{2}$\/;\n if (!dobPattern.test(dobValue)) {\n alert(\"Please enter the Date of Birth in the format YYYY-MM-DD.\");\n return;\n }\n\n \/\/ Convert DOB to Date object\n var dob = new Date(dobValue);\n if (isNaN(dob.getTime())) {\n alert(\"Invalid date. Please check the Date of Birth format.\");\n return;\n }\n\n var retirementAge = parseInt(jQuery('#retirementAge').val());\n var pensionPot = parseFloat(jQuery('#pensionPot').val());\n var yourContribution = parseFloat(jQuery('#yourContribution').val()) * 12;\n var employerContribution = parseFloat(jQuery('#employerContribution').val()) * 12;\n var lumpSumChecked = jQuery('#lumpSum').is(':checked');\n\n \/\/ Calculate the number of years until retirement\n var currentYear = new Date().getFullYear();\n var age = currentYear - dob.getFullYear();\n var yearsUntilRetirement = retirementAge - age;\n\n if (yearsUntilRetirement <= 0) {\n jQuery('#result').html(\"<p>You've already reached your desired retirement age!<\/p>\");\n return;\n }\n\n \/\/ Initial contributions and total pension pot at retirement\n var estimatedPensionPot = pensionPot;\n var annualGrowthRate = 0.04;\n\n \/\/ Loop through each year until retirement\n for (var i = 0; i < yearsUntilRetirement; i++) {\n var totalAnnualContribution = (yourContribution + employerContribution);\n estimatedPensionPot += totalAnnualContribution;\n estimatedPensionPot *= (1 + annualGrowthRate);\n }\n\n \/\/ Calculate tax-free lump sum if selected\n var lumpSum = 0;\n if (lumpSumChecked) {\n lumpSum = estimatedPensionPot * 0.25;\n }\n\n var remainingPot = estimatedPensionPot - lumpSum;\n var yearsOfDrawdown = 20;\n var annualPensionPayment = remainingPot \/ yearsOfDrawdown;\n\n var statePension = 0;\n if (retirementAge >= 68) {\n statePension = 221.20 * 52;\n }\n\n var totalAnnualIncome = annualPensionPayment + statePension;\n\n \/\/ Display results in the #result div\n jQuery('#result').html(`\n <p>Estimated Pension Pot at Retirement: £${estimatedPensionPot.toFixed(2)}<\/p>\n ${lumpSumChecked ? `<p>Tax-Free Lump Sum: £${lumpSum.toFixed(2)}<\/p>` : ''}\n <p>Pension Pot After Lump Sum: £${remainingPot.toFixed(2)}<\/p>\n <p>Estimated Annual Pension Payment: £${annualPensionPayment.toFixed(2)}<\/p>\n ${retirementAge >= 68 ? `<p>Annual State Pension: £${statePension.toFixed(2)}<\/p>` : ''}\n <p>Total Annual Income at Retirement: £${totalAnnualIncome.toFixed(2)}<\/p>\n `);\n });\n});\n<\/script>","background-color":"color(1)","padding-top":"20","padding-right":"20","padding-bottom":"20","padding-left":"20","max-width":"600","width-unit":"%","width":"100","color":"#ffffff"},"nicename":"Code Block (#2)","activeselector":false},"depth":3},{"id":5,"name":"ct_headline","options":{"ct_id":5,"ct_parent":8,"selector":"headline-5-49164","original":{"tag":"h3","color":"color(1)","margin-bottom":"0","width-unit":"%","width":"100","max-width":"600"},"nicename":"Heading (#5)","ct_content":"Assumptions","activeselector":false},"depth":3},{"id":3,"name":"ct_text_block","options":{"ct_id":3,"ct_parent":8,"selector":"text_block-3-49164","original":{"max-width":"600","width-unit":"%","width":"100","text-align":"left"},"nicename":"Text (#3)","ct_content":"Average growth rate at 4% per year when inflation at 2% is taken into account","activeselector":""},"depth":3}]}],"meta_keys":["oxygen_lock_post_edit_mode","pbpl-active"],"outerTemplateData":{"edit_link":"https:\/\/www.finance-monthly.com\/wp-admin\/post.php?post=37656&action=edit","template_name":"Default Page"}}
