Pension benefit modeller
The Modeller allows you to input pensionable pay details, assumed inflation and assumed pay increases to see how the value of an LGPS pension builds over the number of years you choose. You can also choose to see how opting for the new ’50/50 scheme’ would impact on the benefits built up in a pension account.
The calculator requires you to input information including your annual pensionable pay, pay frequency, section of the scheme you are in/wish to join and whether you are over State Pension Age. The results include both the gross and net contribution amount for the scheme.
You can pay APCs to buy additional annual pension up to a maximum of £6,822 per annum. The following calculator will allow you to enter your details and provides you with the costs of purchasing the additional benefit.