Cash Balance nears a years pay

[freespeech]

So our yearly statements this year should show that the CB scheme should now be close to a years wages for us. I've based this on a simple calculation of 5 years (from 2018) and individual and RM contributions being almost 20%.

Of course, the problem is that a years pay will likely be well above the lump sum element of the NRA65 funds so that means tax on some of it (although I think the first 25% after the LS is still tax free then the remaining 75% taxable).

[grchpo]

Just had my estimate & got £10,000 left over, you're right, 25% tax free & 75% taxed