Understanding the results from the Modeller

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Summary

This graph illustrates the pension built up according to the information you have provided.

If you select 'Show 50/50' it will also show the comparison between both sections of the Scheme.

To help understand the impact that inflation has on the pension value, there is a comparison between the price of a pint of milk now and the price of a pint of milk (using the assumed inflation you chose) at the end of the number of years used in the calculation.

 

 

 

 


 

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How does a Pension Account build up?

This table breaks down how your pension is worked out from April 2015. 

Depending on the number of years in the LGPS you have chosen, you will see the value for each of the first 11 years and thereafter the value from 15 years in 5 year chunks. The pension for each year is worked out at the end of each scheme year, but for illustrative purposes, years have been grouped together to make the table more manageable.

 

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