Thursday 23 June 2011

Find out how much you will lose on your pension

The government's proposed pension changes will mean millions of people having to pay more and work longer for less pension.

http://www.pcs.org.uk/en/news_and_events/pcs_comment/index.cfm/id/F7573F1C-70AA-4A82-A06E7D767F3FF9DA

This simple calculator gives you an estimate of what the government's proposed pension changes will cost you, both between now and your retirement, and after you retire. The calculator is based on information taken from the Hutton report on pensions and from government proposals.
  • Paying more now - a doubling or tripling of contributions
  • Working longer - raising the pension age from 60 to 65 and then to 68
  • The impact of the change in inflation index (from RPI to CPI) on post retirement pension increases.
  • For Nuvos members, the effect of lower accrual rates
Follow the links below and enter the following information into the spreadsheet.
  • Your current pay (full-time equivalent for part-time staff)
  • Your age
  • Your length of pension scheme membership

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