Pension estimates

If you're thinking about retiring at any age between 55 and 75, you may be starting to think about what pension you might receive. Find out more about our pension estimates for active members.

Pension estimates
Pension Calculator

The online pension calculator has been designed for use by active members of our scheme. This calculator enables our members to quickly and instantly project pension benefits to any given retirement date between the ages of 55 and 75.

There isn't a limit to the amount of estimates that can be produced by the calculator, which makes this an excellent tool for our members who are thinking about retiring, or who are thinking ahead and planning their retirement.

What you will need

In order to use the pension calculator, you will need:

You may also find it useful to have a calculator.


The projections provided by this calculator are estimates and are provided solely for illustration purposes.

They do not represent any promise or guarantee as to the benefits you would have received from the current LGPS nor what you will receive from the new LGPS in England and Wales that started on 1 April 2014.

The accuracy of the calculator depends on the data that you input.

The projections should not be regarded as the only consideration when making decisions in respect of your pension arrangements or wider financial planning and we strongly recommend that you get independent financial advice in relation to any financial decisions you wish to take.

Please note your LGPS pension benefits will be subject to overriding constraints imposed by Her Majesty's Revenue and Customs (HMRC). Any changes made by HMRC or the Department for Communities and Local Government (the Government department responsible for the LGPS) may impact upon these projections.

Your benefit projections are shown in 'today's money' that is based on your current pensionable pay (or current full-time equivalent pensionable pay if you only work part-time). The projections are based on the new LGPS rules at the date of calculation.

The projections do not bind Derbyshire Pension Fund or the administering authority (Derbyshire County Council), and neither is responsible for any errors or omissions produced by the use of the calculator.

What the projections are based on

The projections are based on the following assumptions:

  • Your current working hours remain the same throughout your past service. These hours also apply to future service.
  • No allowance has been made for salary growth or cost of living increase (CPI revaluation).
  • Early/late retirement adjustments do not change between the date of calculation and your chosen date of retirement.
  • No allowance for any transfers in received on or after 1 April 2008.
  • No allowance for any added years’ service which began to be purchased after 1 October 2006.
  • No allowance for any augmented service awarded on or after 1 April 2008.
  • No allowance for the 50:50 option in the new LGPS.
  • No allowance for any additional contributions such as  additional voluntary contributions (AVCs), additional regular contributions (ARCs), additional pension contributions (APCs), purchase of added years (PAY) or pension credits.
  • No allowance for divorce debits, pension sharing orders or earmarking orders that may be applicable.
  • Your CARE pay has remained the same since 1 April 2014 (or your start date if later). If your CARE pay on your most recent annual benefit statement is significantly higher than in previous years, the CARE element of your pension will be overinflated.

If the assumptions change or your personal circumstances change, the projections will not take into account these changes.

What the projection shows you

The calculator will show your benefits due both on an unreduced basis such as redundancy and a reduced basis such as voluntary retirement.

Tax free cash lump sum

When you retire you have the option to convert some of your yearly standard pension to receive a larger tax free lump sum. For every £1 of yearly pension you convert you will get an extra £12 of lump sum up to the maximum figure shown in the results.

For example, if you give up £100 of your pension each year you will receive an extra £1,200 towards your tax free lump sum.

The results of the calculator show both the standard lump sum and yearly pension figures as well as the maximum permitted lump sum after conversion and the associated yearly pension figures. Before deciding whether to opt to reduce your yearly pension in order to obtain a larger lump sum, you may wish to take independent financial advice.

Life time allowance awareness

Once you've used the calculator, if your unreduced (for example, redundancy) yearly pension is more than £50,000 per year, you may wish to contact the pension section for further details as you could be close to breaching the HMRC lifetime allowance limit.

If you would prefer to receive a written estimate

For more information about receiving a written estimate, please visit the estimates page of the active members retirement section.

Use the calculator

Use the calculator now on the Derbyshire County Council website.