LGPS 2015 Career Average Scheme Modeller

Input Details

£1,000
£150,000
0%
5%
0%
5%

Summary

milk bottle

Why are you telling me this?

How does a Pension Account build up?

The pension figures quoted above assume payment at Normal Pension Age, which from April 2015 is linked to your State Pension Age. Where a member chooses to take their pension before Normal Pension Age it will normally be reduced, as it's being paid earlier. For members who take it later than Normal Pension Age these figures are increased because it's being paid later.
Disclaimer - The Local Government Pension Scheme (LGPS) is changing for employees in Scotland from April 2015. This calculator has been produced for illustrative purposes only to show how a pension account works from April 2015.The figures shown do not include the value of any reduction if your pension is paid before your Normal Pension Age or any increase if it was to be paid later than your Normal Pension Age. Your Normal Pension Age for pension built up from April 2015 is linked to your State Pension Age. The information in this calculator is for general information purposes only and does not cover individual personal circumstances. In the event of any dispute as to eligibility for membership of, or benefits due under the LGPS the appropriate legislation will prevail. The information in this calculator does not provide any contractual or statutory rights and does not override existing legislation. For an individual estimate of your benefits in the scheme contact your Pension Fund from April 2015.