Modeller assumptions
The calculator uses a single, constant pay rise assumption of 0% from today's date to retirement. It also assumes that you and your employer continue to pay contributions of 0% and 0% respectively of your Pensionable Salary until you retire. Please note that present Government plans are to raise contribution rates, but as these arrangements are not yet concrete we have not represented them within this modeller.
The modeller assumes that you retire at age your State Pension Age. It also assumes your investments will grow at 0% , and assumes a future inflation rate of 0%. It also assumes that RS Plan will continue as at present, and that you remain a member until you retire.
None of us can predict the future, so please remember that the results shown by the modeller are for illustration purposes only and do not guarantee any future outcome or entitlement. Your actual pension amount at retirement is likely to differ from the estimated figures shown.
If you are close to or considering retirement, you should contact BOC Pension Services for a formal retirement quotation.