Question regarding Zakat

Assalaumu Alaykum, I have a question regarding zakat which I’m fining conflicting answers for.

Assume, at the age of 55, I have £300,000 in workplace pension, £200,000 in index funds equalling to £500,000 and nothing else (extreme hypothetical)

Through online zakat calculators, it says I have to pay £12,500 (2.5% of £500,000) however through other websites, whilst they aren’t calculators, say I should calculate zakat on 40% of its value. In this case, assuming my calculations are correct, I’d pay £5,000 (2.5% on 200,000 (0.4*£500,000)

Can you inform me which is the correct method, jzk.

Walaikum Salam,

NZF has provided different proxies to use based on the type of fund you have invested in pension.

You may find this link helpful

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