Enter your assets (property, savings, pension, investments) and liabilities (mortgage, loans, credit cards) to calculate your current net worth.
Assets — what you own
Liabilities — what you owe
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Total assets
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Total liabilities
AssetsLiabilities
What Is Net Worth and Why It Matters
Net worth = Total assets − Total liabilities. It is the single most important number in personal finance — a snapshot of where you stand financially right now and a baseline for measuring progress year on year.
Net worth by age — UK benchmarks
Age 25–34: Median ~£38,000 (often low or negative due to student loans, renting)
Age 35–44: Median ~£150,000 (property equity and pension growing)
Age 45–54: Median ~£300,000 (peak earnings, mortgage reducing)
Age 55–64: Median ~£500,000 (property largely owned, pension maturing)
Source: ONS Wealth and Assets Survey. Medians are more representative than averages due to the highly skewed distribution of UK wealth.
Why property dominates UK net worth
In the UK, residential property accounts for around 35–40% of total household wealth. For many homeowners, the property minus the outstanding mortgage (equity) is their largest single asset. Renters can build significant net worth through financial assets (ISAs, pensions, savings) but often start further behind in wealth accumulation.
Should I include my pension?
Yes. Pension wealth is frequently underestimated. For defined contribution (DC) pensions, use your latest statement value. For defined benefit (DB) schemes, a common approximation is to multiply the projected annual income by 20 (the approximate cost of an annuity). The State Pension has a capital value of approximately £220,000–£250,000 at current annuity rates — though it cannot be drawn as a lump sum.
Student loans — include or exclude?
Plan 2 and Plan 5 student loans in England are written off after 30 and 40 years respectively. If you are unlikely to repay in full (common at lower salaries), many financial planners argue you should exclude them from net worth, as the effective liability is lower than the face value. This calculator includes them at face value — adjust as you see fit for your situation.
Worked Examples
Sarah, 28 — Early career
Savings£4,500
Car£7,000
Total assets£11,500
Student loan£32,000
CC balance£800
Net worth−£21,300
Mark & Claire, 44 — Family
Property£385,000
Savings & ISA£62,000
Pension (combined)£90,000
Mortgage−£175,000
Car finance−£8,500
Net worth£353,500
Robert, 60 — Pre-retirement
Property£520,000
ISA & savings£145,000
DC pension£310,000
Mortgage−£42,000
Net worth£933,000
Frequently Asked Questions
Net worth = Total assets − Total liabilities. Assets are everything you own (property, savings, pension, investments, vehicles). Liabilities are everything you owe (mortgage, loans, credit card balances, student loan). A positive net worth means your assets exceed your debts; negative is common early in life. The goal is to grow net worth consistently over time.
According to the ONS Wealth and Assets Survey, the median UK household net worth is around £302,500, but this is heavily skewed by property ownership and age. Households aged 55–64 have a median net worth around £500,000; those aged 25–34 around £38,000. Most UK wealth is held in property and private pensions — cash savings account for only a small fraction.
Yes. Pension wealth is a major and often overlooked component of UK net worth. For defined contribution (DC) pensions, use the current fund value shown on your latest statement. For defined benefit (DB) schemes, multiply the projected annual pension by 20 as an approximation. Including pension wealth often reveals a significantly higher net worth than most people expect.
Once a year is typically sufficient — aligning with your annual financial review, the end of the tax year (April), or your birthday. More frequent tracking can be motivating if you are actively paying down debt, but daily or weekly tracking of investment portfolios adds noise. The trend over years matters more than month-to-month fluctuations.