Assets & liabilities
Assets — what you own
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£
£
£
£
Liabilities — what you owe
£
£
£
£
£
Your net worth
£0
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—Total assets
—Total liabilities
—Liquid net worth
—Property equity
For guidance only — not financial, tax or legal advice. Verify with a qualified professional.
Net worth — frequently asked questions
What is net worth and how is it calculated?
Net worth is simply the total value of everything you own (assets) minus everything you owe (liabilities). If your assets add up to £400,000 and your debts total £200,000, your net worth is £200,000. It is the single most important measure of your overall financial health — more useful than income alone, because it captures what you've actually accumulated over time.
Should I include my pension in my net worth?
Yes — your pension is a genuine asset and should be included. However, it's worth distinguishing it from liquid assets because you cannot access most pension funds until at least age 57 (rising to 57 in 2028). Defined contribution pensions have a clear pot value. For defined benefit (final salary) pensions, a common rule of thumb is to multiply the annual pension income by 20–25 to estimate the capital value, though this is an approximation. This calculator lets you enter the total pot value for DC pensions.
Do I include my property's full value or just the equity?
Enter the full current market value of your property under Assets, and the full outstanding mortgage balance under Liabilities. The calculator will work out the equity (property value minus mortgage) automatically and display it in the results. This approach gives a clearer picture of your gross assets versus debts than only entering net equity. If you own multiple properties, add the values together.
What is liquid net worth and why does it matter?
Liquid net worth is the portion of your net worth you could access quickly — typically savings, cash, and investments (ISAs, stocks, funds). It excludes illiquid assets like property and pensions that can't be converted to cash rapidly without significant cost or tax consequences. Liquid net worth matters for financial resilience: it tells you how much of a cushion you actually have available in an emergency or opportunity, regardless of how high your total net worth looks on paper.
Should I include my student loan as a liability?
This is debated among personal finance experts. Technically your student loan is a debt, so including it gives the most conservative view of your net worth. However, UK student loans (Plans 1, 2, 4 and 5) are written off after 25–40 years and repayments are income-contingent — they function more like a graduate tax than a conventional loan for many people. This calculator includes the option so you can see both scenarios. If your balance is unlikely to be repaid in full, you may prefer to exclude it or note it separately.