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Estimating value of deferred defined income
MCCOL
Posts: 8 Forumite
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
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
0
Comments
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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 RPI0
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