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Update (7/23/18): Fixed a bug in the formula for Current Annual Contributions. Update (7/20/16): Added the ability to limit Other Retirement Income to a specific number of years (thanks to Ben Martinek). Update (5/5/16): Fixed a bug where the Retirement Income in the table (and chart) referenced inflation rather than the Annual Increase. I still consider this spreadsheet a work in progress, but I think it's finally at a point where people can try it out. Read the relevant Key Notes if you want more detailed information about your estimate.Note (3/13/15): I put this spreadsheet together after receiving numerous requests for a spreadsheet that combined my 401(k) savings calculator with my retirement withdrawal calculator. If you're an employer requesting an estimate for a member, you should use the AW295 estimate request form available on the employer hub. Partial retirement member estimate request form (PDF: 204KB)

If your request for an estimate is because you're applying for partial retirement, use the partial retirement estimate form: It will help you understand the different types of estimate and which one is applicable for what you want. View the request form before you request an estimate.

you've taken partial retirement before 1 April 2023.

your employer cannot provide you with an estimate.

You should check with them first before contacting NHS Pensions. If you’re an active member, your employer may be able to provide different types of an estimate. Sometimes statements might not be available via the portal. Online: Use our 'Contact Us' form - select the service ' My NHS Pension'Įmail: If you do not have an Annual Benefit Statement (ABS) If you need to access your statement sooner, you can contact us via: If you've already been in touch to request a copy of your statement and you're a non-ESR user, we will be in touch soon to invite you to register for My NHS Pension. If you've accessed your statement in the last 12 months via Gov.UK Verify you should have already received a letter asking you to register for My NHS Pension.

#Drawdown formula excel registration#

If you do not have access to ESR and are actively contributing to the NHS Pension Scheme, we will write to you by the end of August 2023 to provide you with your registration information for our new digital platform, My NHS Pension. Non-ESR users (previous access via Gov.UK Verify) If you're able to you should access your annual benefit statement via ESR. You can view your statement in different ways, depending on if you have access to Electronic Staff Record (ESR). Accessing your Annual Benefit Statement (ABS) You can read the early retirement calculator guidance (PDF: 185KB) to help you. The calculator will not estimate 1995 Section benefits for members aged 50 to 55. You’ll need to access your Annual Benefit Statement to use the calculator. The early retirement calculator (Excel: 106KB) shows what to expect if you claim benefits earlier than normal pension age. Pension statements refresh yearly, based on information supplied by your employer up to 31 March.įind out more on our Total Reward Statement information website. The service is free of charge and is an efficient way to get information about your NHS pension.

#Drawdown formula excel download#

Download the video transcript (PDF: 143KB).