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Pension Loss Calculator

image of calculator

Notes on using the calculator

 

When did you join TPS  - enter whether you joined ‘Before 2007’ of ‘After 2007’.

 

Your Area – enter the relevant area: London, inner, outer or fringe, or ‘Rest of England, Wales & N. Ireland’.

 

Age as at 1 April 2012 – enter your age in full years as at 1 April 2012

 

TPS years service at April 2012 – enter the number of whole years accrued or will have accrued as at 1 April 2012

 

Pay Point as at 1 April 2012 - use the drop down arrow to enter your current point on the Leadership Spine. If not on Leadership Spine enter a point that is nearest to your salary.

 

Expected pay point at existing NPA – for those who joined the TPS prior to 1 January 2007 the NPA is 60. For those who joined the TPS on or after 1 January 2007 the NPA is 65.

 

Expected Pay Point at  -  the grid allows you, if you so wish, to enter a salary progression up to you retirement year. Note to keep the grid manageable it is in two year bands so if your retirement is in 2028 complete details to 2027. It will automatically encompass 2028.

 

You do not have to complete the grid but by entering an assumed salary progression it will give a more realistic illustration of the likely benefits. Should you choose not to use the calculator it will use the current pay point and only use the expected pay point at NPA for the last year.

 

For details on what the calculator is seeking to illustrate please refer to the technical notes: http://www.naht.org.uk/pensionscalculatortechnicalnotes/

 

 

image of Pensions calculator
Click on the image to go to the calculator

You will need to select ‘Enable Macros’ when prompted for the calculator to work fully.

Selecting ‘Disable macros’ will result in you having to enter all values manually

 

 

 

Page Updated : 30/01/2012