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Graduated Retirement Benefit scheme to 1975
worn_out
Posts: 176 Forumite
Apparently I earned 32 units up to 1975...(paying approx £240 in additional NI contributions)
These were valued at £0.1314 each in 2014 so I received £4.20pw additional pension.(£218pa)
My question is, when the scheme ended in 1975 was the value of the units I'd bought increased each year by inflation ? If I worked it backwards the 13p in 2014 would have been 1.2p in 1975.
..
0
Comments
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Looks like it does go up. See
What Is Graduated Retirement Benefit? | GRB FAQs | SunLife
If you click on the link to Gov UK you need to scroll all the way down to State Pension.1 -
i suppose having paid about £2,500 (in todays money) it's giving me £384 per year this year..and about £4000 since I retired..so far...doesn't sound too bad tbh.0
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