Calculators

A selection of calculators are available to assist you with pension planning. For an online estimate of your retirement benefits based on your actual service and salary details, please register or login to My Pension Online, our secure site.

Pension & Lump Sum ready reckoner / modeller

Ready reckoner - This facility allows members to obtain an estimate of their pension and lump sum based on the service and salary details input. Changes to the scheme from 1 January 2007 are taken into account but please note the results are for illustrative purposes only.

Use the Pension & Lump Sum ready reckoner

Modeller - This spreadsheet allows members to see the effect on their annual pension by the selection of different levels of lump sum. Please note the results shown will be based on the information you provide and are for illustrative purposes only, to show the impact of the changes from 1 January 2007.

Download the Pension & Lump Sum Modeller (Excel spreadsheet) - See Note Below

NB: You are advised to SAVE this file and then open it, otherwise it may not work correctly.
 To do this, you will need to choose the Save option after clicking on the link, or right-click the link above and choose the Save Target As... option, then open the file directly from where you saved it. If a Security Warning is shown, select 'Enable Macros'.

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ARB / Premature Retirement calculator

This facility can be used to calculate an estimate of Premature Retirement Benefits in respect of teachers aged between 50* and 59 inclusive (NPA 60) or aged between 50* and 64 inclusive (NPA 65) (see notes for further information). The results will show details of benefits apportioned between the TPS and the employer. This facility can also be used to calculate an estimate of ARB retirement benefits but please note such retirement is only available to members aged between 55 and 59 inclusive (NPA 60) or between 55 and 64 inclusive (NPA 65).

* Please note from 6 April 2010 the Minimum Retirement Age is 55.

Use the ARB / Premature Retirement Calculator

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Re-employment calculator

This facility can be used by re-employed members to work out how much you may earn without your pension being abated.

Use the Re-employment calculator

If you have returned to teaching employment after retirement, except where you are in receipt of Actuarially Reduced or Phased Retirement benefits, a Certificate of Re-employment must be submitted to Teachers' Pensions for each tax year in which you have been re-employed.  You can submit a certificate online via My Pension Online, our secure site - click here for further details.

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Buying Additional Service for Partners Calculator

This calculator can be used to work out the estimated cost of purchasing additional service for Civil Partners and unmarried nominated partners.

Download the Buying Additional Service for Partners Calculator (Excel spreadsheet)

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Additional Pension modeller

There is a new provision for enhancing your pension known as Additional Pension (APB) from 1 January 2007. This modeller gives costs for buying APB (both for members whose normal pension age are 60 or 65). You can decide to buy APB for your pension only, or you could also provide for your dependant to receive one half of the APB you have bought after your death. Costs for personal benefits and for personal benefits combined with half rate dependants’ benefits are included in the modeller.

Download the Additional Pension Modeller (Excel spreadsheet)

Also compatible with OpenOffice Calc. If a Security Warning is shown, select 'Enable Macros'.

You can apply to purchase Additional Pension Benefits via My Pension Online, our secure site - click here for further details.