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Pensions

Police Full Time Pension Examples

First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 Option 2 CARE 2015
Pension = £23,500 per annum Reduced pension of £17,625 per annum
(Lump sum = £52,875)
Benefits deferred to age 67
(Estimated pension = £3,600 per annum)

Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £24,700 per annum Reduced pension of £18,525 per annum
(Lump sum = £130,910)
Benefits deferred to age 67
(Estimated pension = £5,800 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £24,700 per annum Reduced pension of £18,525 per annum
(Lump sum = £126,587)
Estimated pension = £8,685 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £24,700 per annum Reduced pension of £18,525 per annum
(Lump sum = £114,855)
Estimated pension = £15,421 per annum

First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 Option 2 CARE 2015
Pension = £15,600 per annum Reduced pension of £11,700 per annum
(Lump sum = £35,100)
Benefits deferred to age 67
(Estimated pension = £7,200 per annum)

Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £16,600 per annum Reduced pension of £12,450 per annum
(Lump sum = £87,150)
Benefits deferred to age 67
(Estimated pension = £9,500 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £16,800 per annum Reduced pension of £12,600 per annum
(Lump sum = £86,100)
Estimated pension = £15,602 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £16,800 per annum Reduced pension of £12,600 per annum
(Lump sum = £78,120)
Estimated pension = £25,566 per annum

First opportunity to take any benefits – Age 50 (26+ years’ service)

Option 1 Option 2 CARE 2015
Pension = £17,400 per annum Reduced pension of £13,050 per annum
(Lump sum = £41,400)
benefits deferred to age 67
(Estimated pension = £3,300 per annum)

Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £18,400 per annum Reduced pension of £13,800 per annum
(Lump sum = £98,900)
benefits deferred to age 67
(Estimated pension = £5,100 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £18,600 per annum Reduced pension of £13,950 per annum
(Lump sum = £95,325)
Estimated pension = £8,685 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £18,600 per annum Reduced pension of £13,950 per annum
(Lump sum = £86,490)
Estimated pension = £15,421 per annum

First opportunity to take any benefits – Age 50 (25 years’ service)

Option 1 Option 2 CARE 2015
Pension = £10,800 per annum Reduced pension of £8,100 per annum
(Lump sum = £24,300)
Benefits deferred to age 67
(Estimated pension = £6,100 per annum)

All benefits available – Age 55 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £11,900 per annum Reduced pension of £8,925 per annum
(Lump sum = £60,987)
Estimated pension = £13,063 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £11,900 per annum Reduced pension of £8,925 per annum
(Lump sum = £55,335)
Estimated pension = £21,407 per annum

First opportunity to take any benefits – Age 49 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £11,700 per annum Reduced pension of £8,775 per annum
(Lump sum = £65,227)
Benefits deferred to age 67
(Estimated pension = £8,100 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £11,700 per annum Reduced pension of £8,775 per annum
(Lump sum = £59,962)
Estimated pension = £x per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £11,700 per annum Reduced pension of £8,775 per annum
(Lump sum = £54,405)
Estimated pension = £28,535 per annum

Notice he is divorced – is there a pension share applying

Option 1 Option 2 CARE 2015
Pension = £19,600 per annum Reduced pension of £14,700 per annum
(Lump sum = £44,100)
Benefits deferred to age 67
(Estimated pension = £2,400 per annum)

Second opportunity to take any benefits – Age 51 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £19,900 per annum Reduced pension of £14,925 per annum
(Lump sum = £108,455)
Benefits deferred to age 67
(Estimated pension = £2,900 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £19,900 per annum Reduced pension of £14,925 per annum
(Lump sum = £101,987)
Estimated pension = £8,554 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £19,900 per annum Reduced pension of £14,925 per annum
(Lump sum = £92,535)
Estimated pension = £14,112 per annum

First opportunity to take any benefits – Age 50 (25 years’ service)

Option 1 Option 2 CARE 2015
Pension = £14,400 per annum Reduced pension of £10,800 per annum
(Lump sum = £32,400)
Benefits deferred to age 67
(Estimated pension = £4,800 per annum)

Second opportunity to take any benefits – Age 52 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £14,800 per annum Reduced pension of £11,100 per annumLump sum = £79,950 Benefits deferred to age 67
(Estimated pension = £5,900 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £14,800 per annum Reduced pension of £11,100 per annum
(Lump sum = £75,850)
Estimated pension = £9,979 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £14,800 per annum Reduced pension of £11,100 per annum
(Lump sum = £68,820)
Estimated pension = £16,797 per annum

First opportunity to take any benefits – Age 50 (25 + years’ service)

Option 1 Option 2 CARE 2015
Pension = £7,700 per annum Reduced pension of £5,775 per annum
(Lump sum = £17,325)
Benefits deferred to age 67
(Estimated pension = £5,400 per annum)

Age 56 (First opportunity to take ALL benefits – 30 years service)

Option 1 Option 2 CARE 2015
Pension = £8,600 per annum Reduced pension of £6,450 per annum
(Lump sum = £43,430)
Estimated pension = £12,482 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £8,600 per annum Reduced pension of £6,450 per annum
(Lump sum = £39,990)
Estimated pension = £18,310 per annum

Police Part Time Pension Examples

33.33/40 x 1 year 200 days and 34.33/40 x 1 year 243 days and Full time – 13 years 194 days Transfer in – 126 days


First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 Option 2 CARE 2015
Pension = £13,000 per annum Reduced pension of £9,750 per annum
(Lump sum = £29,250)
Benefits deferred to age 67
(Estimated pension = £3,200 per annum)

Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £13,800 per annum Reduced pension of £10,350 per annum
(Lump sum = £73,140)
Benefits deferred to age 67
(Estimated pension = £4,600 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £13,900 per annum Reduced pension of £10,425 per annum
(Lump sum = £71,237)
Estimated pension = £7,684 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £13,900 per annum Reduced pension of £10,425 per annum
(Lump sum = £64,635)
Estimated pension = £13,374 per annum

Part time – 32/40 x 6 year 224 days and 35.75/40 x 240 days and Full time – 11 years 158 days


First opportunity to take any benefits – Age 50 (28 years’ service)

Option 1 Option 2 CARE 2015
Pension = £15,100 per annum Reduced pension of £11,325 per annum
(Lump sum = £30,365)
Benefits deferred to age 67
(Estimated pension = £1,700 per annum)

Second opportunity to take any benefits – Age 52 (30 years’ service)

Option 1 Option 2 CARE 2015
Pension = £15,700 per annum Reduced pension of £11,775 per annum
(Lump sum = £84,387)
Benefits deferred to age 67
(Estimated pension = £2,600 per annum)

Age 55 (First opportunity to take ALL benefits)

Option 1 Option 2 CARE 2015
Pension = £15,700 per annum Reduced pension of £11,775 per annum
(Lump sum = £80,462)
Estimated pension = £6,603 per annum

Age 60

Option 1 Option 2 CARE 2015
Pension = £15,700 per annum Reduced pension of £11,775 per annum
(Lump sum = £73,005)
Estimated pension = £11,996 per annum

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