One for RobertT

[freespeech]

Robert,

Firstly thanks for your contribution to this forum and the detail of the advice you always give.

I copied and pasted some info into a word document several months ago from one of your posts regarding NRA60&65 calculations. In that it said to "refer to a previous post" for the more detailed calculator but I cant fine that. Is there a link please.

Additionally, I understand (section c) benefits are up to April 2018 so how can I also capture everything since then to get as best an accurate picture as possible?

Here was the bit I copied and pasted: All figures will be based on taking your benefits at NRA.
It won't be 100% accurate but it will give you a good rough guide as to what to expect.
For a more accurate figure, use the method (plus more time & effort) I mentioned in my previous post.

[RobertT]

I don't make a note of the things I post on these forums(does anybody?), but a quick search of the site(using the words 'plus more time & effort') throws up this thread as possibly the one you copied and pasted from:
https://www.royalmailchat.co.uk/communi ... 27&t=92828" onclick="window.open(this.href);return false;

There doesn't seem to be a link to a previous post, so am unsure what I said and exactly what you want to know. But that same post does give a rough way of working out your NRA60 and NRA65 figures from the final salary and CSDB figures on your annual illustration:

So all you need to do to find ballpark figures for NRA60 & NRA65 is:

Take your CSDB figure and divide by 10(the number of years you've paid in) and add 2 of those years to your final salary figure to give your NRA60 pension.

The remaining 8 years are your NRA65 pension.

Do the same with the supplement(section C).

As for benefits after April 2018, your DBCBS value up to 31st March 2019 will be on your last annual illustration, which saw an increase of 3.7% on 31st March 2020. That increase won't be shown until you receive your 2020 illustration, so you'll have to work out that %age increase yourself.

As we haven't had a pay rise since April 2019 you can work out fairly easily how much DBCBS cash you've accrued since then buy using your pension contribution on your pay slip, as long as you haven't changed you basic hours, and therefore your contributions, during that time.

We pay 6% into the DBCBS so you need to find out the total amount going in per week/month and multiply by length of time. RM pay in 13.6%. So if you pay £25 per week for example, the maths for 2019/20 would look something like this:

25 / 6 = 4.16(1%) x 19.6 = 81.66(total weekly contribs) x 52 weeks = 4,246

For 2020/21 obviously substitute 52 for however many weeks we are through the financial year(your pay slip will tell you).

Add the 3 totals together to get your current overall DBCBS pot value.