NHS & Private Pension Retirement Modeller

Personal

Date of birth Current tax year (start year) Estimated full State Pension (annual, £)

Scenarios — retirement ages to compare

'Retirement age' is when you stop working. 'NHS pension claim age' is a separate choice — when you actually start drawing your NHS pension. They default to the same age (claim immediately). Increase the claim age above the retirement age to model stopping work early but deferring your NHS pension, living off your private pots in the meantime.

Scenario A — retirement age (stop working) Scenario A — NHS pension claim age Scenario B — retirement age (stop working) Scenario B — NHS pension claim age Scenario C — retirement age (stop working) Scenario C — NHS pension claim age

Target Retirement Income

Target retirement income, annual, today's money (£) Age you want to retire on this income Assumed REAL growth rate on extra savings (%)

NHS Legacy Scheme (1995 / 2008 Section)

Enter these straight from your TRS/ABS 'Standard Benefits' table.

1995 Section — Pension (£/yr) 1995 Section — Lump Sum (£) 2008 Section — Pension (£/yr) 2008 Section — Lump Sum (£) Continuous NHS pensionable service (no 5+ year break)? Assumed legacy pension REAL growth rate p.a. (%)

NHS 2015 Scheme (CARE)

2015 CARE pot — most recent TRS/ABS value (£) ...that TRS/ABS value is as at tax year ending Current annual pensionable pay (£) Assumed REAL pay growth rate p.a. (%) Assumed CARE revaluation rate p.a., REAL (%) 2015 Scheme accrual rate (1/x)

NHS Additional Pension (AP) & AVCs

Additional Pension (AP) purchased — annual amount (£) NHS AVC current balance (£) NHS AVC annual contribution (£) NHS AVC assumed REAL growth rate p.a. (%)

Early Retirement & ERRBO

ERRBO — years of reduction bought out Assumed early retirement reduction p.a., not bought out (%)

Private Pensions & Savings

SIPP current balance (£) SIPP annual contribution, gross (£) SIPP assumed REAL growth rate p.a. (%) LISA current balance (£) LISA annual contribution (£) LISA assumed REAL growth rate p.a. (%) S&S ISA current balance (£) S&S ISA annual contribution (£) S&S ISA assumed REAL growth rate p.a. (%)

General Investment Account (GIA)

GIA current balance (£) GIA annual contribution (£) GIA assumed REAL growth rate p.a., gross (%) Marginal tax rate (for GIA tax drag estimate)

Old / Frozen Pensions

Add up to 3 pensions from before the NHS (or other past employers).

Annual Allowance

Standard Annual Allowance (£) High earner? (tapered Annual Allowance may apply) Adjusted income, if high earner (£)

Drawdown Strategy

How will you draw your private pots?

Retirement Living Standards Comparison

Household type