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Old 25th Aug 2021, 19:07
  #244 (permalink)  
Lima Juliet
 
Join Date: May 2000
Location: UK
Posts: 4,334
Received 80 Likes on 32 Posts
I agree Easy Street

I just did a rough AFPS75/15 calculation on the calculator out of interest for the rough timeline that 3 bladed beast provided and it gives:

£18.8k combined IPP and EDP
£70k tax free lump sum
A pension of £26k at State Pension Age (valued at 2021 worth)

So, for some that may be more attractive than the pure AFPS75 that you calculated. You can also inversely commute the £26.5k of the tax free lump sum generated by AFPS15 to generate another £5.8k of EDP to give a revised figure of:

£24.6k combined IPP and EDP
£43.5k tax free lump sum
A pension of £26k at State Pension Age

Which for some may be better again.

A lot of people bleat and whine about AFPS15, when they really haven’t done the maths properly. It’s still a damned good deal!!!
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