Maths was never my strong point, but I’ve had a go with the calculator....
AFPS75? Leaving as planned at 16/38? Average UK life expectancy of 80 years?
Historically, you would have collected about £565 064 post 38/16 point. (Ignoring CPI)
Now, if you leave as planned after the changeover...you get your accrued rights( eg X/16ths of the figure above) and the rest at NPA age 60. So you will lose:
If 1 year left at changeover : -£2354 from Terminal Grant-£785/year for 22 years (age 60) = £19624
If 3 years left at changeover: -£7062 from Terminal Grant-£2355/year = £58 872
If 5 years left at changeover: -£11770 from Terminal Grant-£3925/year = £98 120
Anybody have issues with these calculations?
Last edited by BlindWingy; 3rd Aug 2012 at 16:22.