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Estimating value of deferred defined income

Hi All

I became a deferred member of my employer's defined income pension scheme when I changed jobs some years ago. I have correspondence from the deferred pension scheme giving me the annual pension value as at the time of my deferral and a statement that pensions are recalculated annually normally based on RPI (but not guaranteed to be).

Does anyone know of a good web tool that will help me estimate what the value will be in the future please? I am a long way away from retiring.

Thanks for your help

MCCOL

Comments

  • Bigmoney2
    Bigmoney2 Posts: 640 Forumite
    The pension scheme may have a web site (mine does, not sure how common this is tho) if it does there will probably be a section on it for pensions in payment which will show what cost of living rises have been applied. remember there may be a cap on this rise typically, 3% or 5% for example. Otherwise the ffice of national statistics will show CPI and RPI
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