How many pensions do you have?

AnotherJoe

Novice_investor101 wrote: »

I have a DB scheme that I paid into for 10 years from about age 24. The statement I got in 2015 (when they closed it) said I'd built up an annual pension of £3400 a year & this will increase by CPI up to a max 5% each year. Retirement date age 65. (No idea what that means to how much I'll get at age 65 tho).

That simply means you'll get £3,400 in todays money. Whatever the number is, lets say you get £8,042 when you are 65, that will buy what you could buy today for £3,400, and thats the best way of understanding your future pension, in todays money.

GwylimT

Teachers pension 19 years service (with ten being senior leadership)
Personal pension 22 years
UK state pension 22 stamp years
Swedish state pension 15 payment years

When I started my new job in September I shall be paying into my employers pension scheme which is similar to our old style teachers pension.

My wife has
10 years full stamp
10 years NHS pension contributions