Quick pension estimate

Your date of birth Please select a valid date
When did you join the Teachers' Pension Scheme?Join DateThis is usually when you started teaching. If you can't remember the exact date, the year you started is ok You may close this dialog by pressing the escape key. Please select a valid date Please select a date in the past
Have you already left pensionable teaching employment?

When did you leave? Current EmploymentSelect your last working day of pensionable teaching employment. You may close this dialog by pressing the escape key. Please select a valid date The date you left must be after the date you joined the Teachers' Pension Scheme Please select a date in the past

Your current employment is?
When did you begin working part-time? Please select a valid date The date you began working part-time must be on or after the date you joined the Teachers' Pension Scheme Please select a date in the past The date you began working part-time must be before the date you left the Teachers' Pension Scheme

 Part time Hours10% = 3.5 Hours
20% = 7
30% = 10.5
40% = 14
50% = 17.5
60% = 21
70% = 24.5
80% = 28
90% = 31.5
100% = 35 You may close this dialog by pressing the escape key. hours per week Please enter a value Please enter a numeric value Please enter a maximum of two decimal places Your weekly hours can't be less than one Your weekly hours can't be more than 35

 Annual SalaryEnter your full time equivalent annual salary if working part time. If you're a deferred member, please enter your last pensionable teaching salary. You may close this dialog by pressing the escape key. Please enter a salary figure Please choose a valid salary Your current salary can't be less than £5000 Your current salary can't be greater than £250,000

This calculation is only an estimate

For an accurate view of your current pension benefits, use My Pension Online and view your Benefit Statement.

Log in to My Pension Online

What this calculator can and can't tell you

What This Calculator Can Tell You

  • If you’re likely to be affected by Transitional Protection
  • If you’re likely to be affected, estimates of the final pension for the remedy period service (final salary and career average scheme)
  • Service to today and projections of service up to Normal Pension Age (NPA) or a member selected retirement age
  • Maximum tax-free lump sum possible
  • Maximum pension you have to give up to receive maximum lump sum
  • Normal retirement age
  • If you select retirement age before NPA, reduced final pension as the benefits are adjusted due to being paid longer
  • Estimate of benefits based on full-time employment
  • Estimate of benefits based on fixed part-time employment

What This Calculator Can't Tell You

  • Include any flexibilities purchased in the Teachers’ Pension Scheme or AVCs outside the Scheme
  • Show entitlements of spouse and beneficiaries
  • Explain how the pension is calculated
  • For high earners, with protections, confirm any eligibility to a higher tax-free lump sum
  • Estimate benefits based on irregular service
  • Can't consider how salary might change over time when calculating career average benefits
  • Can't consider any breaks in service
  • Can't account for any transferred in service

If you have any questions related to this calculator please contact us.

Important information

Please note that this calculator has been updated to remove the 2.2% inflation assumption from the annual revaluation of career average pension benefits. This change has been made based on feedback, as we recognised there’s a risk that the estimates could have overstated or understated the effect actual future levels of inflation will have. This means that the pension estimates provided by the calculator are now shown at today’s values and are, therefore, hopefully more relatable. This also means the estimates may be lower than previous estimates from the calculator which doesn’t mean the value of the benefits you’ve built up has changed. The calculator doesn’t forecast how it’ll grow in line with inflation in the future. 

The calculator currently uses a single salary figure based on what a user enters for “last annual salary”. This means that the estimates from the calculator don’t necessarily reflect how salary might change over time for those members who change their hours or responsibilities prior to retirement.

Assumptions

For pension benefits in the career average scheme, the calculator doesn't include a Pensions Increase figure, however we've assumed an annual revaluation of 1.6% is applied to the accrued pension of active members. The actual rate of inflation will vary over the course of your career; and if you leave pensionable service and don't return within five years, the annual revaluation applied from the point of the break will be solely based on the Pensions Increase figure provided by HM Treasury (usually the rate of inflation in the preceding September) without the additional 1.6% provided to active members.

No revaluation is applied to the estimate of final salary benefits, which is based on the salary provided multiplied by the number of years’ service within the final salary scheme multiplied by the accrual rate (1/80 if you joined before 2007, otherwise 1/60).

This calculation is only an estimate.

If you're unsure of any details check your Benefit Statement or My Pension Online.

Methodology

Learn more about the methodology used behind this calculator.