Just received the offer to transfer pack with the personal benefit statement. The statement appears to be completely misleading and does not agree with the online pensions calculator.
I am PAS and the pension at 55 appears to be calculated as though I retire on the same PAS level as the one I am currently on.
Consequently it appears that AFPS 75 is a better deal if I serve to 55 (by 1000 pa and 3000 lump sum).
If I run the calculator for PAS level 35 and retire at 55 then AFPS 05 is a much better deal (by 4000 pa and 12000 lump sum).
Am I missing something, is the statement in error, or has it just been produced in an incredibly confusing manner?
Any thoughts Ginseng?
Flo
Last edited by Axial Flo; 21st Jul 2005 at 20:12.