MoneyHelper Retirement Budget Planner is a free web tool for estimating likely retirement costs and the income a person may need. Its Budget planner totals income and outgoings, shows the amount left over, and breaks spending down to help users consider where they might save or cut costs. Costs that change during the year can be entered as yearly amounts, which the tool converts into a monthly average. MoneyHelper suggests gathering payslips, bank statements, bills, or a banking app to help work out income and spending. Users can also get budget help through webchat and follow links to budgeting guides. MoneyHelper is owned and maintained by the Money and Pensions Service, which has its registered office in Bedford, England. The service describes its website tools as general information, not advice to rely on, and says it is not regulated by the Financial Conduct Authority and does not provide a regulated service. Its accessibility statement identifies issues with the planner’s menu buttons and tab-panel structure. MoneyHelper was founded in 2018 and is headquartered in Bedford, United Kingdom.
Who it is for
It suits people who want to estimate retirement costs and see how income compares with spending. It may also help users identify possible savings and convert irregular yearly costs into monthly amounts.
What is good
- Free online tool for retirement cost estimates
- Totals income and outgoings, showing what remains
- Breaks down spending to help identify potential savings
- Converts yearly variable costs into monthly averages
- Budget support is available through webchat and guides
What to know first
- Accessibility statement identifies issues with expandable menu buttons and tab-panel structure
- The service says its tools are general information, not advice to rely on
- The Money and Pensions Service says it is not FCA-regulated and provides no regulated service
Verdict
Choose MoneyHelper Retirement Budget Planner if you want a free web-based way to estimate retirement costs and organize income and spending. Look elsewhere if you need regulated financial advice or require the accessibility issues identified for this planner to be resolved.
Get started with MoneyHelper Retirement Budget Planner
- Open the planner website in a web browser
- Gather payslips, bank statements, bills, or a banking app to work out income and spending
- Enter income and outgoings in the Budget planner
- Enter variable costs by year for a monthly average
- Use webchat or the linked budgeting guides for budget help
What the free plan stops at
The planner is free. Its tools provide general information rather than advice to rely on, and the Money and Pensions Service says it does not provide a regulated service.
Questions about MoneyHelper Retirement Budget Planner
How much does MoneyHelper Retirement Budget Planner cost?
The listed plan is Free at no cost.
What does the planner do?
It estimates likely retirement costs and the income a person may need. Its Budget planner totals income and outgoings, shows what remains, and breaks down spending.
What platforms can I use it on?
It is available on the web.
Who provides MoneyHelper?
MoneyHelper is owned and maintained by the Money and Pensions Service, whose registered office is in Bedford, England.
Does it provide financial advice?
The Money and Pensions Service says its website tools give general information and are not advice to rely on. It also says it is not regulated by the Financial Conduct Authority and does not provide a regulated service.
What accessibility issues are identified?
The accessibility statement identifies menu buttons that are not programmatically defined as expandable and incorrectly structured tab panels.
MoneyHelper Retirement Budget Planner plans and pricing
All plansCompared on retirement planning software
- Free plan
- Yes
