Your Chest Score gives you a snapshot of your retirement readiness. Here's how to interpret it.
Score components
Your score is made up of three components:
Existing Pot Strength This looks at how your current pension savings compare to others of a similar age and salary. If you've been saving consistently, this should be strong. If you're just starting out, there's room to grow.
Savings Habits This measures your current contribution rate. Are you putting enough aside regularly to build the retirement you want?
Future Outlook This projects your current trajectory forward to see if you're on track. It considers your target retirement age, expected salary growth, and investment returns.
What's a good score?
Higher is better, but what matters most is the trend – are you improving over time? Even a modest score is a good starting point if you're just beginning your pension journey. The key is to understand what actions will improve it.
How projections are calculated
Your retirement projections depend on whether you've set up your Chest SIPP:
Before setting up your SIPP Projections use assumed growth rates of 2%, 5%, and 8% per year, representing low, medium, and high growth scenarios.
After setting up your SIPP For assets held with Chest, projections are based on the 20th, 50th, and 80th percentile of rolling averages of historic performance for your selected fund. For any assets held outside of Chest (e.g., other pensions you've told us about but not transferred), we continue to use the 2%, 5%, and 8% assumed growth rates.
Limitations
Your Chest Score is a helpful indicator, but it has limitations:
It's based on the information you provide – if your details change, update them
Projections are estimates, not guarantees
It doesn't account for other assets you might have (property, ISAs, etc.)
Market performance will affect your actual results
How often does it update?
Your score updates automatically as you make contributions, consolidate pensions, or change your details. Check back regularly to see your progress.
Coming soon: peer comparison
We're working on a feature that will let you compare your score to peers in the same location, age bracket, and income bracket. Stay tuned for updates.
Important information
Your Chest Score and projections are for illustrative purposes only. They are not a guarantee of future performance. Actual returns will depend on market conditions and the performance of your chosen fund. The value of your pension can go down as well as up, and you may get back less than you've contributed.
Still need help?
If you have questions about your score, contact us at hello@joinchest.com.