Defined Benefit Scheme Calculator

Tested with IE3,N3 and N4. Enter 0 for no data.

This calculator is for ordinary members whose pension depends purely on their length of service with the employer. If you can write their own salary cheques, and the company is profitable enough, use the Maximum Accrual Rate Calculator.

It is a great simplification of an important area, and you should consult your employer to find out how you actually stand, esp if your accrual is less than 1/60th or equivalent.

For help refer to Defined Benefit Schemes.

High Earners see note*

Enter your accrual rate. If 1/60th, enter 60. ( Public Service workers normally enter 60):
Enter the term - full years you will have worked by retirement:
Enter your salary as defined for scheme purposes, eg 20000:

Maximum Pension - before being reduced to provide the cash :
Maximum Cash :

*High Earner Notes. The Earnings Cap, ( maximum salary that can be taken into account for pension purposes) of Ł90,600 for 1999/00 (Ł87600 in 98/99) is not included in this calculator, nor are the Type Variations on benefits below.

Results below should be viewed as being in real terms, and limits are applied if relevant.
Type 1 members - No overriding limits on pension or cash. Applies to people who were members BEFORE 17 March 1987.
Type 2 members - No overriding limit to pension. Cash limited to Ł100,000, ( not indexed). Applies if the scheme predates 14 March 1989 AND you joined before 1 June 1989.
Type 3 members - Earnings Cap limits pensions and cash. Applies if scheme established after 14 March 1989, or, if begun earlier YOU did not join until after 1 June 1989.

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