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Pension Account Modeller


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£1,000
£150,000
0%
5%
0%
5%

Summary

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How does a Pension Account build up?



The pension figures quoted above assume payment at Normal Pension Age, which from April 2014 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.
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Using this Modeller: Disclaimer - This modeller has been produced for illustrative purposes only to show how pension accounts build up in the Local Government Pension Scheme (LGPS) for employees in England and Wales from April 2014. The results shown are for general information purposes only and do not cover all individual personal circumstances. Councillor members of the LGPS are not covered by this modeller and should not use it. 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 modeller does not provide any contractual or statutory rights and does not override existing legislation.