Your Pension Modeller

It’s your choice

Whether you are just joining the scheme or reviewing your choices, you decide where to save the pension contributions made to your Clarks Flexible Pension Scheme (the Scheme).

You have a number of different options to save for your retirement, each with its own advantages and disadvantages. In a nutshell, you can choose a savings option where you know your income in retirement or choose to leave some things to chance in the hope it gives you a better outcome.

You can think about your pension planning in the same way you would plan a holiday:

  • Pre-booking – you could plan everything, choose exactly what you want and be more sure of getting it. It may end up costing you more, but it gives you greater peace of mind. This is like the Pay Related Section of your Scheme.
  • Allocation on arrival – you could book your holiday, but not the exact hotel or location. You may get more for your money, but you won’t know until you get there. This is like the Investment Related Section of your Scheme.

Using the Pension Choice Modeller

You can use this modeller to help you:

  1. Find out how the company contributes to your retirement saving.
  2. Compare the pension you could receive in each section.

The modeller will show the pension you could get for just this year’s contribution, alongside the pension you could get if you continued that choice until you retire.

Remember, all applications to join the Scheme must be returned within three months of being first eligible and any change forms will be actioned in the next available payroll.


We strongly recommend taking financial advice before making any decisions about your pension savings. This calculator has been designed to give approximate results only, based on generic assumptions.

The results of this calculator are provided for illustration only. Neither your employer nor any Trustee of your employer's fund can be held accountable for any decision you make as a result of using this calculator, nor for any inaccuracies or omissions, nor if the figures shown do not accurately reflect your final position. No decisions should be made or actions taken as a result of any information derived from this calculator.

As with any financial decision, you should seek financial advice before making any decision or taking any action. This calculator should not be used as a substitute for seeking financial advice. It is important that you read the assumptions and limitations for more details before you start using the calculator. You should also take the time to read and understand the terms defined on the right hand side of this page. No Clarks employee or the Trustee of the Scheme can provide you with individual financial advice. For help finding a financial advisor in your area, please refer to