Does the SP forcast tool include COPE?

AnotherJoe

I've just done this online and got my forecast number.
However there is no guidance if this includes the COPE element, eg what they dont pay you.

Does anyone know ?

waterstar

AnotherJoe wrote: »

I've just done this online and got my forecast number.
However there is no guidance if this includes the COPE element, eg what they dont pay you.

Does anyone know ?

Some seem to be getting COPE details, others are not. No one seems to have identified reason why.

If you go back to this thread

https://forums.moneysavingexpert.com/discussion/5367287

it gives much detail on the experience of others in using the service.

greenglide

It has already been deducted from the "new rules amount" so "what you see is what you get". Well an approximation!

I assume is is an attempt (which fails) to show what the new rules amount isnt just = nSP Amount (now £155.65) * (number of years / 35).

AnotherJoe

Mine is showing £196 (or £199 if i continue paying until retirement age). I thought it was £155 max?

molerat

Not if you have an "old rules" protected amount.

AnotherJoe

Oh OK looks like something I'll have to research thanks.

zagfles

AnotherJoe wrote: »

Oh OK looks like something I'll have to research thanks.

Have a read of the white paper, it's explained quite well https://www.gov.uk/government/publications/the-single-tier-pension-a-simple-foundation-for-saving--2