Member Calculators

This estimator is designed to give you a rough indication of the benefits you might receive if you elect to retire before your Normal Pension Age. It asks you for;

• the date to which you want your pension calculated
• the scheme you are in
• the reckonable service you will have earned up to the date you are thinking of retiring
• your current pensionable earnings.

Using this information the estimator can work out how much your reduced pension might be if it were taken before your normal pension age. For classic members it will also show you the lump sum that might be available, but please note that this estimator does not take account of any restrictions that may apply. Refer to the notes attached to this calculator for further details of these restrictions.

The estimator displays the benefits you might get at your selected early retirement date.

• Early Retirement Estimator

If you want to take control of your retirement planning by building up more pension for your retirement, then added pension could be for you.

The Added pension for classic, classic plus, premium and nuvos leaflet, and section 2 of the alpha scheme guide tell you about how added pension works, and the calculators below can help you work out how much you want to contribute.

Please make sure that you use the estimator for your pension scheme. This ensures you will get an accurate estimate of the cost of buying added pension.

Buying added pension:

• classic
• classic plus and premium
• nuvos
• alpha

You can apply for Added Pension using the application.

To understand how buying added pension could impact your Annual Allowance, click on the link below for further information:

www.civilservicepensionscheme.org.uk/members/pension-savings-statements-2017/annual-allowance/

alpha offers a new way to take control of your retirement planning, called EPA.

In alpha your Normal Pension Age (NPA) is the same as your State Pension age (SPA). If you choose to take your alpha pension benefits before your NPA they would be reduced, as they may be paid to you for longer. By paying extra contributions you can take the EPA portion of your pension earlier than your NPA without any early payment reduction.

Please note:

• EPA contributions for scheme year 15/16 are payable from when you join alpha. If you apply to buy an EPA portion of your alpha pension this will be backdated to your alpha start date. This means that you will have some backdated EPA contributions to pay the first time they are taken from your salary.
• EPA contributions will be collected once your application has been processed. This means that, for scheme year 15/16, you will have some backdated EPA contributions to pay the first time they are taken from your salary.

You must pay all backdated contributions linked to the EPA portion of your pension. You will be advised about how the backdated contributions will be collected as part of the application process.

This EPA estimator tool lets you estimate how much your EPA contributions would be.

You can apply for EPA using the application form.

Partial retirement allows you, with the agreement of your employer, to draw some or all of your pension and remain in work. Your employer has to consider the needs of the business first so you will not have an automatic right to partial retirement. You must also be prepared to have your job reshaped to reduce your earnings by at least 20%. To find out more, see the booklet Partial retirement – a guide for scheme members. You need to be aware that your pension could be reduced if you take partial retirement. The leaflet What is abatement?  will tell you more.

When you access the Partial retirement calculator it may open on the results tab. Please click on the “Enter your details here” tab in the bottom left hand corner of the document. You will then need to click on the results tab after you enter your personal details.

• Partial retirement calculator

If you are thinking about retiring or have already decided to retire, the lump sum calculator will work out what amount of pension you can take in the form of a tax-free lump sum.

• Lump sum calculator for classic, classic plus and premium, nuvos

There is plenty of supporting information to help you to understand the process and tell you about your retirement benefits – use these links to take you to the scheme guide relevent to you:

• classic - Thinking about retirement scheme guides
• classic plus - Thinking about retirement scheme guides
• premium - Thinking about retirement scheme guides
• nuvos - Thinking about retirement scheme guides

If a member claims their pension early, before scheme pension age, the pension and lump sum (where appropriate) is actuarially reduced to pay for this early payment.

The member has the option to buy out this reduction and take full pension benefits. The cost of the buy out can be determined by using the buy out calculators.

• Actuarially Reduced Pension Buy-out calculator for classic, classic plus, premium, nuvos and alpha

The calculator will ask you for your pension details which you can get from your latest Annual Benefit Statement.

• Tools are required to be run on Windows versions of MS Excel 2007 (V14) and above.
• Although the tools originate from the internet, they are uploaded and hosted by the Civil Service Pensions websites and should be considered ‘safe’.
• The tools use Macros (VBA) for clearing cells and creating PDFs if required, therefore macros should be enabled to ensure full functionality.

• When a tool is first opened click the 'Enable Editing' button.

• If the password prompt opens, click ‘Read Only’ to continue.

• To ensure full functionality you must Enable Macros.

The Scheme is committed to managing your personal information in line with the Data Protection Legislation. For more information please visit: www.civilservicepensionscheme.org.uk/privacy-policy/