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    • fly-catchers
    • By fly-catchers 10th Jan 18, 5:41 PM
    • 157Posts
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    fly-catchers
    Calculating pension
    • #1
    • 10th Jan 18, 5:41 PM
    Calculating pension 10th Jan 18 at 5:41 PM
    To get an idea how much you might get a month is best to divide the net pension by 12 or 52 ? Dividing by 12 rather than by 52, and timing by 4 gives a slightly bigger amount.
Page 1
    • dunstonh
    • By dunstonh 10th Jan 18, 5:53 PM
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    dunstonh
    • #2
    • 10th Jan 18, 5:53 PM
    • #2
    • 10th Jan 18, 5:53 PM
    there are 12 months in the year. So, dividing by 12 is sensible.

    If you go four weekly then you get 13 periods in the year. Some people still work that way but the choice is yours.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • enthusiasticsaver
    • By enthusiasticsaver 10th Jan 18, 5:55 PM
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    • #3
    • 10th Jan 18, 5:55 PM
    • #3
    • 10th Jan 18, 5:55 PM
    If it is paid monthly then divide it by 12. State pension is paid 4 weekly though I think so for that divide by 52 then multiply by 4
    Debt free and mortgage free and early retiree. Living the dream

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    • Silvertabby
    • By Silvertabby 10th Jan 18, 6:01 PM
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    Silvertabby
    • #4
    • 10th Jan 18, 6:01 PM
    • #4
    • 10th Jan 18, 6:01 PM
    To get an idea how much you might get a month is best to divide the net pension by 12 or 52 ? Dividing by 12 rather than by 52, and timing by 4 gives a slightly bigger amount.
    Originally posted by fly-catchers
    That's because there are 52.17 weeks in a year, not 52.
    • pennystretcher
    • By pennystretcher 12th Jan 18, 3:44 PM
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    pennystretcher
    • #5
    • 12th Jan 18, 3:44 PM
    • #5
    • 12th Jan 18, 3:44 PM
    You didn't mention if you are trying to calculate SP or other pension income. Remember to take the tax free allowance into account when you calculate the pension income where it is from other sources than SP.

    ps. I do my estimates by month, so divide by 12.
    Last edited by pennystretcher; 12-01-2018 at 3:46 PM.
    MFW Jan 2018 £190 (almost there!!!)
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