Pensions calculators
Pension calculators that can be used by members of the Northern Ireland Teacher's Pension Scheme (NITPS).
Pension calculators that can be used by members of the Northern Ireland Teacher's Pension Scheme (NITPS).
- Pension and Lump Sum Ready Reckoner ( link to https://apps.education-ni.gov.uk/appPenCalc/pencalc.aspx )
- McCloud Remedy (link to https://tpsni-mccloud-modeller.co.uk/)
This facility will calculate an age pension and lump sum value for members in respect of reckonable service in the 1/60th and 1/80th Final Salary Schemes.
This calculator will NOT estimate benefits for Career Average Revalued Earnings (CARE) reckonable service.
The Northern Ireland Teachers' Pension Scheme Retirement Calculator is designed to help illustrate the projected benefits members will receive at different retirement ages from both the legacy and reformed Teachers' Pension Schemes in Northern Ireland.
At retirement, some members will be able to choose between receiving legacy or reformed benefits for their pensionable service between 1 April 2015 and 31 March 2022. This modeller is designed to help illustrate the differences in benefits members may receive depending on the choice they make.
These calculators are for guidance purposes only and the outputs provided are an estimate only. They are not intended to provide you with financial advice. If you require financial advice, you should contact an independent financial adviser.