Maximum Accrual Rate Benefits

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

Reality Check - this calculator only really applies to those who can write their own salary cheques, ordinary scheme members should use the Defined Benefit Scheme Calculator.

Funding rates - a complex area, but as a rough guide if you will have 20 years service and have not yet made any investment, you can invest your age as a percentage of salary, eg approx 45% for a 45 year old. Alternatively use the Pensions Audit.

Type 1 schemes - you joined before 17 March 1987.

Type 2 schemes - the scheme predates 14 March 1989 AND you joined before 1 June 1989.

Type 3 schemes - scheme established after 14 March 1989, or, if begun earlier YOU did not join until after 1 June 1989.

Results below allow for limits according to scheme type.

Enter the type of scheme as 1,2 or3:

Enter the term - full years you will have worked by retirement:

Enter your salary, eg 20000:

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.

Type 2 members - No overriding limit to pension. Cash limited to Ł100,000, ( not indexed).

Type 3 members - Earnings Cap limits pensions and cash.

Maximum Pension :

Maximum Cash :

Home

Type 1 schemes - you joined before 17 March 1987. Type 2 schemes - the scheme predates 14 March 1989 AND you joined before 1 June 1989. Type 3 schemes - scheme established after 14 March 1989, or, if begun earlier YOU did not join until after 1 June 1989. Results below allow for limits according to scheme type. Enter the type of scheme as 1,2 or3:
Enter the term - full years you will have worked by retirement:
Enter your salary, eg 20000: