Police Mutual 2010 Police Mutual Financial Wellness Where are you now? Managing your Debt Protecting...
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Police Mutual 2010 Police Mutual Financial Wellness Where are you now? Managing your Debt Protecting what matters Borrowing Pensions Saving and Investment
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Transcript of Police Mutual 2010 Police Mutual Financial Wellness Where are you now? Managing your Debt Protecting...
Police Mutual 2010
Police Mutual Financial Wellness
Where are you now?
Where are you now?Managing
your DebtManaging your Debt
Protecting what
matters
Protecting what
matters
BorrowingBorrowing
PensionsPensionsSaving and InvestmentSaving and Investment
Local Government Pension Scheme
Police Mutual 2010
Types Of Pension
Start Time End
Start Time End
Final salary
Money purchase
= Service×Final
pensionFinal
pension ×
PensionannuityPensionannuity=
Police Mutual 2010
LGPS pre April 2008 - example
Pension
1/80× =
=
=
Lump sum
× =
10
3/8010
×Final
salaryFinal
salary
×Final
salaryFinal
salary
Police Mutual 2010
LGPS post April 2008 - example
Pension
1/60× =
Lump sum
10 ×Final
salaryFinal
salary=
× £12 =
Police Mutual 2010
PensionPension
Pensions benefits
BenefitsBenefits
Police Mutual 2010
www.pmas.co.uk
www.moneymadeclear.org.uk
www.lgps.org.uk
Further information
