AbstractAccurate age estimates are crucial for assessing the life‐histories of fish and providing management advice, but validation studies are rare for many species. We corroborated age estimates with annual cycles of oxygen isotopes (δ¹⁸O) in otoliths of 86 northern pike (Esox lucius) from the southern Baltic Sea, compared results with visual age estimates from scales and otoliths, and assessed bias introduced by different age‐estimation structures on von Bertalanffy growth models and age‐structured population models. Age estimates from otoliths were accurate, while age estimates from scales significantly underestimated the age of pike older than 6 years compared to the corroborated reference age. Asymptotic length () was larger, and the growth coefficient was lower for scale ages than for corroborated age and otolith age estimates. Consequentially, scale‐informed population models overestimated maximum sustainable yield (), biomass at (), relative frequency of trophy fish (), and optimal minimum length limit but underestimated fishing mortality at (). Using scale‐based ages to inform management regulations for pike may therefore result in conservative management and lost yield. The overestimated asymptotic length may instill unrealistic expectations of trophy potential in recreational anglers targeting large pike, while the overestimation in MSY would cause unrealistic expectations of yield potential in commercial fishers.