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  • Pensions calculators

    Topics:
    • Teaching staff, 
    • Pension Scheme

    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.

    • Teachers' pensions calculators

    Related content

    • Actuarial reports
    • Additional pension
    • Annual Benefit Statements
    • Applying for retirement benefits
    • Career average revaluation rates
    • Customer service, and complaints
    • Family benefits
    • Governance of the Northern Ireland Teachers' Pension Scheme (NITPS)
    • Ill-health retirement benefits and re-employment
    • Ill-health Retirement Guide
    • Important pensions notices for all NITPS members
    • Maintaining and boosting your pension
    • McCloud Remedy / Goodwin Judgement
    • Membership elections
    • NI Teachers’ Pension Scheme Member Contribution Yield Consultation
    • Northern Ireland Teachers' Pension Scheme actuarial valuation 2016
    • Northern Ireland Teachers' Pension Scheme – Cost control valuation 2016
    • Northern Ireland Teachers’ Pension Scheme actuarial valuation 2020
    • Overview of the Northern Ireland Teachers' Pension Scheme (NITPS) including member factsheets
    • Partner benefits
    • Pension circulars
    • Pension Increase rates and career average revaluation
    • Pension regulations
    • Pensions when you divorce
    • Prospective Remedy Consultation
    • Retrospective Remedy Consultation
    • Returning to work after receiving pension benefits
    • Statement on the McCloud Judgement
    • Teachers' Pay & Pensions Team - Privacy Notice (effective from 25 May 2018)
    • Teachers' Pension System - Member and Employer Portals
    • The Money and Pensions Service, MoneyHelper, pensions blog for teachers in Northern Ireland
    • Transitional Protection Arrangements
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