13 Oct 2020, 18:23
13 Oct 2020, 19:34
13 Oct 2020, 20:07
14 Oct 2020, 07:43
14 Oct 2020, 08:01
mr hil. wrote:Those figures look correct but don't forget that you will be increasing your pension still further each year you work, I think at the moment full timers, section A to C, are saving between £4-£5 thousand a year into the current pension and will accrue just over £300 per year extra pension under the new CDC scheme when it kicks in.
If you have 10 years to go that would be another 3 grand a year on top of anything that you have been quoted so far (No adjustments for RPI or inflation etc made just raw figures)
You could also have up to about £1,500 added to the new lump sum benefit for each year you continue to work once the new CDC starts. ( 3/80th + 1/80th extra (matched by Royal mail) +1/80th of each years pensionable salary)
No adjustments factored in for inflation or pay rises etc and based on about £25,000 pensionable salary.
14 Oct 2020, 16:43
14 Oct 2020, 17:27
RobertT wrote:Looks good to me!
Personally I've typed out a 'joint statement' showing my NRA60 and NRA65 on 1 piece of paper, including the various elements that make them up - supplement, increase amount, etc. So I can easily see my benefits without having to work them out again in the future, and to compare them to future statements.
I've also factored my AVC's into the equation and calculated the approximate lump sums I can expect when taking my pension/s.