Working for free example
This assumes an inflation rate of 5%
it basically says that working to 55 on COS99 will be about HKD900,000 less than working to 57 on COS08... i.e. about 1.5 yrs work for free.
FO Year 2 Age 30
BPP 5 RA 57
Years to Cmd 10
Cumulative Earnings No Inflation
COS 99 COS 08
31740248.00 34024340.00
Cumulative NPV Earnings
COS 99 COS 08
15917668.83 16075690.81
Age Yr.Income 99 Yr.Income 08
30 807636 807636
31 821232 821232
32 835104 835104
33 863400 863400
34 885456 885456
35 1215912 908184
36 1215912 931584
37 1215912 955704
38 1215912 980532
39 1215912 1215912
40 1240236 1240236
41 1265052 1265052
42 1290348 1290348
43 1316160 1316160
44 1342476 1342476
45 1369332 1369332
46 1396716 1396716
47 1424652 1424652
48 1453140 1453140
49 1482204 1482204
50 1511844 1511844
51 1542072 1542072
52 1572812 1572812
53 1604364 1604364
54 1636452 1636452
55 0000000 1669176
56 0000000 1702560