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Trying to calculate "interest" on pension

Markeee · 2018-11-22 17:20:09

I have been paying around £125 a month into my personal stakeholder pension, for around 18 years. The government tops this up by 25% a month (£31.25 a month). My current pension is worth around £63,000. I've tried to calculate the percentage "interest" or increase in value, using this compound interest calculator at the…

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Markeee Posts: 20 Forumite

22 November 2018 at 8:47PM

sandsy wrote: »

No. What you get is:

Your monthly deposits+ 6.4% pa
+ government monthly deposits + 6.4% pa = 50400+12600 =63000

Ie as 20% of the contributions came from the government, your pot is 20% higher than it would have been otherwise, which is about £12600

(Assuming Timodell was correct)

Thank you. That's a brilliant help

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Trying to calculate "interest" on pension

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