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Civil Service Pension - Alpha

rookie91
rookie91 Posts: 45 Forumite
Third Anniversary 10 Posts Name Dropper
Hi,
As Alpha is a defined benefit scheme, does the maximum accrual of 2/3s of salary apply to it as it seems to apply to all other DB schemes i've come across?
Thank you,

Comments

  • jimi_man
    jimi_man Posts: 1,496 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi

    No it doesn't. There is no limit to how much you can accrue, other than running out of years!
  • Bravepants
    Bravepants Posts: 1,669 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    And currently you can purchase Added Pension to provide up to an additional £7000 pension per year.
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
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