What could a £1,000,000 pension pot grow to — the seven-figure projection.

A £1 million pension is the symbolic milestone of UK retirement saving — and a level only around 1% of UK adults ever reach. At 5% net annual growth, the pot adds £50,000 a year on its own, roughly the average UK pre-tax salary. With another 10 years of compounding and £1,000/month added, this becomes around £1.78 million. At this scale, every major decision is dominated by tax and fee optimisation rather than asset accumulation. A 1% platform fee costs you £10,000/year — an enormous opportunity cost vs flat-fee platforms charging £200-300/year. The lump sum allowance of £268,275 caps your tax-free cash, so the entire structure of how you draw the pot down has significant tax implications worth getting professional advice on.