Before using this calculator please read the important information below. This includes how changes to the Teachers' Pension Scheme in April 2015 may affect you. This calculator may not be suitable for Part-Time members with an irregular working pattern.
Your date of birth: Date Of Birth - Day Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Date Of Birth - Month Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Date Of Birth - Year Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 1921 1920 1919 1918 1917 1916 1915 1914 1913 1912 1911 1910 1909 1908 1907 1906 1905 1904 1903 1902 1901 1900 Please select a valid date
Your current employment is: Full TimePart Time
When did you begin working part time? Part Time Date - Day Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Part Time Date - Month Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Part Time Date - Year Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 1921 1920 1919 1918 1917 1916 1915 1914 1913 1912 1911 1910 1909 1908 1907 1906 1905 1904 1903 1902 1901 1900 Please select a valid date
What are your contracted part time hours each week? Part time Hours Help Information.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 Your weekly hours cannot be less than 1 Your weekly hours cannot be more than 35
Your current annual salary: Your full time equivalent annual salary: Please enter a value Please enter a numeric value Your current salary cannot be less than £5000 Your current salary cannot be greater than £250,000
You can see a personalised estimate of your pension progress with My Pension Online.
If you have any questions related to this calculator please contact us.
Important information
Please note that this calculator has been updated recently 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 over 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 value and are, therefore, hopefully easier to relate to. 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. Rather that now, the modeller doesn’t forecast how it’ll grow in line with inflation in the future.
We also plan to implement further developments to the calculator in the coming months to better reflect how career average benefits are built up based on salary in each year before retirement, with the aim of providing a more accurate and useful estimate. The calculator currently uses a single salary figure based on what a user enters for “Projected final salary when you retire”. This means that the estimates from the calculator don’t necessarily reflect how salary might change over time for those members who reduce their hours or responsibilities prior to retirement.
Assumptions
For pension benefits in the career average arrangement we have assumed an annual revaluation of 1.6% which is applied to the accrued pension of active members. Note that: the actual rate of inflation will vary over the course of your career; and if you leave pensionable service and do not return within 5 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 multiplied by the accrual rate (1/80 if you joined before 2007, otherwise 1/60).
This calculator provides an illustration of benefits that you may receive when the reforms to the Teachers' Pension Scheme are implemented. The illustration provided should not be relied on. Read our guide on how to use our estimated final pension calculator to see the assumptions it makes.
If you are unsure of any details check your annual benefit statement or online account.
Methodology
To find the methodology used behind this calculator, click here