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Pension Calculator

My pension service

Please note the My Pension online service can you give you more accurate retirement estimates including any reduction for early payment.  You can see the effects of taking a bigger lump sum on your annual pension.

Activation codes to use the service were included in the annual benefit statements in September 2011.  If you have lost your activation code you can email mss.pensions@edinburgh.gov.uk  with your national insurance number and put lost activation as the subject.

 

 Calculator

Use our calculator to estimate your retirement benefits. Enter your estimated final pay and pension scheme membership below, then click 'calculate benefits'.

Notes
1.  This calculator an approximate estimate only and the results SHOULD NOT be used as a basis for any retirement decisions.  It does not take account of any reduction for pension being paid before age 65.  

2.  Part time -  the calculator is designed for full time members, if you are part time read our note on how part time membership is calculated before attempting to use the calculator or the figures you will get will be too high.

Your Salary
(Full time equivalent)

£ monthly annual

Your scheme membership
(Our calculator is designed for full time members, if you are part time see note 2 above) 

Up to 31/03/2009

After 01/04/2009
years
days
years
days

Your benefits

The standard package
of benefits is:

One off tax free lump sum
(for pension built up to 1/4/09 see 1. above for explanation)

Annual pension
The maximum swap available is:
Maximum tax free lump sum
Reduced pension

Notes

The calculator shows two options as a guide. We will contact you when you retire and let you know all your options.

The calculator uses the Scheme rate of exchange of £1 of pension given up gets you £12 of lump sum tax free.

This calculator an approximate estimate only and the results SHOULD NOT be used as a basis for any retirement decisions.
     

Information on Pension Calculator