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How accurate is the Teachers Pension projected personalised calculator that has just launched?
IAMIAM
Posts: 1,407 Forumite
My benefit statement currently states £10k per annum banked in Career Average only (this includes 1.5k in APB).
I have paid for £1.5k in APB and pay ongoing for 3 year buy out.
When I then use the personalised calculator that has just launched, does the projected figure at retirement given to me take into account the 1.5k and 3 year buy out, ie retiring at 65 not 68.
I have paid for £1.5k in APB and pay ongoing for 3 year buy out.
When I then use the personalised calculator that has just launched, does the projected figure at retirement given to me take into account the 1.5k and 3 year buy out, ie retiring at 65 not 68.
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Comments
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What do the tiny prints on the calculator say? Have you asked the pension admins about it?
To be fair, using spreadsheets should make it easy for you to calculate your potential expected pension in 25 years and take into account what the scheme's rules are.0
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