What about UK pensions and ISAs?
A final salary or defined benefit pension is not zakatable until you actually receive the money. A workplace pension or SIPP where contributions are invested is treated like other retirement savings, with Zakāt each year on its zakatable portion. An ISA is only a wrapper. A cash ISA counts in full, and a stocks and shares ISA follows the same ratio as your other long term investments.
A fuller guide on this: Zakāt on UK pensions and ISAs
Where the schools differ
Is Zakāt due while the money is still locked away?
| Position held by | Ruling |
|---|---|
| Ḥanafī | Due each year on the zakatable proportion, even while locked. |
| Mālikī · Shāfiʿī · Ḥanbalī | A precautionary view: nothing due until the money can be withdrawn. |
The calculator marks which position produced your figure and lets you change it. See our method.
Positions differ. Confirm with your scholar.
Open the calculator at Retirement →
Zakat Made Easy, Mufti Faraz Adam: the position this app follows, used with the author's permission.