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For members of the Local Government Pension Scheme in Scotland

Pension account modeller

25%

Overview

This modeller shows how you build up pension in the LGPS from April 2015 onwards.

Each year 1/49th of your pay is added to your pension account and adjusted for the cost of living. The next year the same thing happens, and so on. The modeller allows you to enter assumptions for increases to your pay and the cost of living over the number of years you choose to see the effect on your pension build up. It also allows you to see how joining the 50/50 section will impact your pension build up.

The modeller will not provide an estimate of your pension benefits.



50%

Personal details

£1000
£150000
?
0%
10%
?
0%
10%
?
2
50
?
?

Results

Summary

YearOpening BalancePension built up in yearTotal Account 31 MarchCost of LivingUpdated Total Account
1£0.00£20.41£20.41£0.00£20.41
2£20.41£20.41£40.82£0.00£40.82
3£40.82£20.41£61.22£0.00£61.22
4£61.22£20.41£81.63£0.00£81.63
5£81.63£20.41£102.04£0.00£102.04
6£102.04£20.41£122.45£0.00£122.45
7£122.45£20.41£142.86£0.00£142.86
8£142.86£20.41£163.27£0.00£163.27
9£163.27£20.41£183.67£0.00£183.67
10£183.67£20.41£204.08£0.00£204.08
11£204.08£20.41£224.49£0.00£224.49
15£285.71£20.41£306.12£0.00£306.12
20£387.76£20.41£408.16£0.00£408.16
milk
Using the inflation percentage that you have entered a pint of milk costing £0.50 now, will cost £0.50 at the end of the period.

100%

Next steps

For more information on how your pension is worked out and how you can you change the amount you pay, use the links below:


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