Income Protection Calculator
Estimate how much monthly benefit your income protection policy could pay if you were unable to work due to illness or injury, based on your income and deferred period.
Estimate Your Monthly Cover
Income protection insurance replaces part of your income if you’re unable to work due to illness or injury. Use this calculator to estimate a realistic level of monthly cover before you speak to an adviser.
How the Calculation Works
Five steps to an estimated monthly benefit
Work Out Your Gross Annual Income
Use your gross annual income from employment or self-employment before tax and National Insurance are deducted.
Choose a Benefit Percentage
Most insurers will cover between 50% and 70% of gross income, reflecting roughly what you’d take home after tax while working.
Select a Deferred Period
Choose how many weeks you could cover yourself through savings, sick pay, or an emergency fund before the policy needs to start paying out.
Review Your Estimated Benefit
See your estimated monthly and annual benefit amount, updated instantly as you adjust your income and benefit percentage.
Compare Against Existing Cover
Check this estimate against any employer sick pay, state benefits, or existing protection policies to avoid paying for more cover than you need.
Income Protection Calculator
Enter your details for an instant estimate
Deferred Periods at a Glance
A summary of common deferred period options and how they generally affect your premium and payout timing.
| Deferred Period | Typical Premium Impact | Best Suited To |
|---|---|---|
| 4 weeks | Highest premium | Little or no sick pay, limited savings. |
| 8 weeks | High premium | Short employer sick pay entitlement. |
| 13 weeks | Moderate premium | Around three months of sick pay or savings. |
| 26 weeks | Lower premium | Generous employer sick pay schemes. |
| 52 weeks | Lowest premium | Strong savings or a full year of sick pay. |
Income Protection FAQ
Answers to the most frequently asked questions about income protection cover.
Most income protection policies cover between 50% and 70% of your gross annual income, which is designed to roughly replace your usual take-home pay after accounting for tax and National Insurance savings while off work.
The deferred period is the length of time you wait after becoming unable to work before your policy starts paying out, commonly 4, 8, 13, 26, or 52 weeks. A longer deferred period usually means a lower monthly premium.
If you pay for a personal income protection policy yourself, the benefit is usually paid tax-free. If your employer pays the premiums as part of a group scheme, the benefit may be taxed as income.
No, standard income protection insurance only pays out if you’re unable to work due to illness or injury. Redundancy or unemployment cover is a separate type of insurance policy.