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Pension Calculator

My pension online service

You can see your pension information using the My Pension online service. 

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CLICK HERE FOR My Pension online


You can try out retirement options which include any reduction for early payment before age 65. 


Calculator - does not include any reduction for payment before age 65 that may apply (use MY Pension online for this)

The calculator is based on the 2009 regulations and does not take account of the changes to career average.  For an estimate of your career average benefits, please see use the modeller at www.scotlgps2015.org/modeller

You can also use the calculator below to estimate your retirement benefits. Enter your estimated final pay and pension scheme membership below, then click 'calculate benefits'.

Notes
This calculator gives 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.  You can use the My Pension system to get estimates that include any reduction.  Read more about the reductions here

1.  A lump sum was built up as part of the Scheme for membership built up before 1 April 2009 (1/80th pension and 3/80th lumpsum.  Since this time, benefits have built up at a better rate of  1/60th with the option to swap pension for a lump sum when you retire.

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.  Remember the My Pension system will give part time membership and calcuatations will be based on these figures.


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
£

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.