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The Big Pension Thread


spygirl

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No specific point, just came out of a @One percent post about BBC pension deficit.

They are in shit.

Anyhow, with the get out that Im not an actuary ...

https://www.pensions-expert.com/Law-Regulation/What-does-High-Court-ruling-mean-for-the-BBC-and-other-DB-pension-schemes?ct=true

In evidence given to the High Court, Leigh Tavaziva, chief operating officer of the BBC, explained that the broadcaster was paying a contribution rate of 42.3 per cent of the pensionable salaries of active members, which is almost three times what the contribution rate was in 2010.

By contrast, members of the BBC’s defined contribution (DC) scheme who joined after 2010 are receiving an employer contribution of seven to eight percent.

DB employees accounted for less than 40 per cent of the workforce, but accounted for over 80 per cent of the pensions spending, according to the judgement.

A stark reminder of how the young are being screwed by the old. And how the public sector are fucking over the private.~40% is about the a DB pension will cost an employee.

For the likes of fire n police, its about double. For a woman copper you are talking about 100% of salary.

Ive not problem wit DB pension - as long as they are funded. They are not.

Dont work for a company that has moved from DB - > DC.

Any extra effort or money will be eaten by the pension fund.

 

Picked this up -

https://www.pensionsage.com/pa/BLOG-How-many-presenters-does-it-take-to-plug-theBBCs-pension-deficit.php

Nonetheless, both the public and the pensions industry share a similar view when it comes to the gender pay gap. While the spotlight has been shone on the BBC's male and female stars' largely differing salaries, their pensions gender pay gap is likely to be vast as well. We’ll have to wait a few decades to see if these male and female stars enjoy vastly different retirements though!

What they are hinting at is that women pension cost *FAR* more than blokes - abut 30%.

And at 40% of salary a pension is a huge extra for wimmin.

The BBC DB lets both men n women retire at 60. Thats nuts.

All that the idiots needed to do was sync the retirement age to   to SRA.

They morons didnt.

 

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https://www.pensions-expert.com/Defined-Contribution/The-rise-of-Generation-DC

Are Generation DC - the first generation of savers to retire without a defined benefit (DB) underpin - already coming through?

Generation DC is already a reality, says AJ Bell’s Laith Khalaf. The head of investment analysis at AJ Bell said: “I think Generation DC are already coming through, seeing as Group Personal Pensions developed at the beginning of the 1990s, and before that there were occupational DC schemes in play.

Khalaf adds: “Average DC pots at the moment are looking somewhere in the region of around £30,000 to £40,000 at retirement, but clearly there will be a wide range of dispersion within that data. That’s not a very large hill of beans and certainly not enough to see someone through a comfortable retirement. It also means more people relying on the state pension, which may well be altered by politicians struggling to fill the fiscal gap created by the ageing demographics of the UK.”

Crappy average - mean or median.

Lets assume mean.

UK new state pension is basically designed on a couple having a ~150k fund each.

Thatll give them 10k each NSP + ~7k/y each private pension - 34k, which is OK for comfortable pension.

Those averages point to the lifecos fucking people over with vast projection for a WP pension of £50/m

If you start a pension at, say, 20, you really need to be putting 20% of salary in a year.

A good employee will contrib match up to 10%.

A crap company will match to 5%.

Dont work for a company that doesnt match to 10%. They are taking the piss.

And yo need to plan on 40y contributions.

This is why the Fat Shazzas on TCs are fucked.

 

 

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We had a post on this fucktard -

https://www.pensions-expert.com/Law-Regulation/TPR-prosecutes-owner-of-Norton-Motorcycles

The Pensions Regulator (TPR) has successfully prosecuted Stuart Garner for illegally investing nearly £11 million from pension schemes under his control into his own business.

Garner was the sole trustee of three pension schemes, Donington MC, Dominator 2012 and Commando 2012. He unlawfully transferred nearly all the £11.5 million of member funds into his company, Norton Motorcycles.

The three schemes invested in Norton Motorcycles in return for preference shares. The schemes were marketed to members as an investment in Norton Motorcycles.

Between April 2012 and December 2013, 255 members transferred into the schemes from other pension arrangements. Members were forbidden to withdraw any funds for 24 months from the date of transfer, and they were charged if they withdrew funds for the first five years.

This is fraud.

Fraud esp with pension need to attract a jail for 1y for each 50k.

Judicary needs to pull its finger out and gets its sentencing guidelines updated.

https://www.theguardian.com/uk-news/2023/jul/24/mps-launch-inquiry-into-prosecution-of-norton-motorcycles-pension

The parliamentary inquiry follows years of reporting on the scandal by the Guardian, which exposed how senior government ministers feted a businessman called Stuart Garner, who acquired Norton with £1m borrowed directly from a pension fraud, received a further £10m that was raised via a pension liberation scam a decade ago and then illegally invested that money into his own business.

https://www.motorcyclenews.com/news/stuart-garner-sentence/

Heres the cunt

https://www.greatbritishlife.co.uk/things-to-do/whats-on/22632296.home-donington-hall-stuart-garner-norton-motorcycles-uk-ltd/

15833656.jpg?type=mds-article-642

 

 

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On 04/11/2023 at 10:45, spygirl said:

If you start a pension at, say, 20, you really need to be putting 20% of salary in a year.

A good employee will contrib match up to 10%.

A crap company will match to 5%.

It should be obvious that paying in 5-10% of gross income a year for 40 years (total of 2-4 years paid in) is not going to fund 25 years on 50% of salary (13 years paid out) in DC world but most people can't/won't do the maths.

If people want 13 years paid out they are going to have to pay in a roughly similar amount, which for a 45 year working life would be 29% of gross income going to pension contributions.

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12 hours ago, Darude said:

It should be obvious that paying in 5-10% of gross income a year for 40 years (total of 2-4 years paid in) is not going to fund 25 years on 50% of salary (13 years paid out) in DC world but most people can't/won't do the maths.

If people want 13 years paid out they are going to have to pay in a roughly similar amount, which for a 45 year working life would be 29% of gross income going to pension contributions.

You're missing out the "magic of compound returns". Of course the evil of compound inflation is never mentioned.

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4 hours ago, Formerly said:

You're missing out the "magic of compound returns". Of course the evil of compound inflation is never mentioned.

UK GDP per capita hasn't grown for about 2 decades, my base case assumption is this will continue for some time. If the economy is not growing then compound real returns are difficult to achieve.

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reformed nice guy
6 minutes ago, Darude said:

UK GDP per capita hasn't grown for about 2 decades, my base case assumption is this will continue for some time. If the economy is not growing then compound real returns are difficult to achieve.

The denominator for the per capita calculation is population which I believe is deliberately underestimated. Replace with the true population and GDP/capita will have steadily declined.

Bringing in people with below average wealth and below average earnings will do that - only economists pretend it does not

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On 06/11/2023 at 19:41, Darude said:

It should be obvious that paying in 5-10% of gross income a year for 40 years (total of 2-4 years paid in) is not going to fund 25 years on 50% of salary (13 years paid out) in DC world but most people can't/won't do the maths.

If people want 13 years paid out they are going to have to pay in a roughly similar amount, which for a 45 year working life would be 29% of gross income going to pension contributions.

Can some one do the maths for me, 

At what ages x,y,z would you expect to have a,b,c £s in a dbc?

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16 minutes ago, No One said:

Can some one do the maths for me, 

At what ages x,y,z would you expect to have a,b,c £s in a dbc?

It depends, and that's the problem with pensions.

The averageDC person really needs to be aiming at a 100k, ideally 150k, pot to go with the New State Pension.

Personally, I've always saved 30% of my income. By save I mean pension or mortgage capital repayment.

That way, when I eventually retire I'll just continue on same income - without tte 30% saving bit.

There used to be that old saying - save half your age when you start a pension -

10% for 20yo.

25% for 50yo.

I don't really see how that can work for 50+ . 25% is just not enough.

 

 

 

 

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Chewing Grass
On 04/11/2023 at 10:39, spygirl said:

No specific point, just came out of a @One percent post about BBC pension deficit.

They are in shit.

Anyhow, with the get out that Im not an actuary ...

https://www.pensions-expert.com/Law-Regulation/What-does-High-Court-ruling-mean-for-the-BBC-and-other-DB-pension-schemes?ct=true

In evidence given to the High Court, Leigh Tavaziva, chief operating officer of the BBC, explained that the broadcaster was paying a contribution rate of 42.3 per cent of the pensionable salaries of active members, which is almost three times what the contribution rate was in 2010.

By contrast, members of the BBC’s defined contribution (DC) scheme who joined after 2010 are receiving an employer contribution of seven to eight percent.

DB employees accounted for less than 40 per cent of the workforce, but accounted for over 80 per cent of the pensions spending, according to the judgement.

A stark reminder of how the young are being screwed by the old. And how the public sector are fucking over the private.~40% is about the a DB pension will cost an employee.

For the likes of fire n police, its about double. For a woman copper you are talking about 100% of salary.

Ive not problem wit DB pension - as long as they are funded. They are not.

Dont work for a company that has moved from DB - > DC.

Any extra effort or money will be eaten by the pension fund.

 

Picked this up -

https://www.pensionsage.com/pa/BLOG-How-many-presenters-does-it-take-to-plug-theBBCs-pension-deficit.php

Nonetheless, both the public and the pensions industry share a similar view when it comes to the gender pay gap. While the spotlight has been shone on the BBC's male and female stars' largely differing salaries, their pensions gender pay gap is likely to be vast as well. We’ll have to wait a few decades to see if these male and female stars enjoy vastly different retirements though!

What they are hinting at is that women pension cost *FAR* more than blokes - abut 30%.

And at 40% of salary a pension is a huge extra for wimmin.

The BBC DB lets both men n women retire at 60. Thats nuts.

All that the idiots needed to do was sync the retirement age to   to SRA.

They morons didnt.

 

I counter with this as PWC says schemes are in rude health.

https://www.pwc.co.uk/press-room/press-releases/uk-db-pension-schemes-funding-reaches-unprecedented-level.html

The UK’s 5,000 corporate defined benefit (DB) pensions schemes reached a record surplus of £250bn in October, according to PwC’s Buyout Index, as an increase in long-term gilt yields reduced the estimated cost for schemes to ‘buyout’ their pension promises. 

Screenshotfrom2023-11-0721-27-46.thumb.png.0999aab8d76603c3cb201831c453f238.png

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1 minute ago, Chewing Grass said:

I counter with this as PWC says schemes are in rude health.

https://www.pwc.co.uk/press-room/press-releases/uk-db-pension-schemes-funding-reaches-unprecedented-level.html

The UK’s 5,000 corporate defined benefit (DB) pensions schemes reached a record surplus of £250bn in October, according to PwC’s Buyout Index, as an increase in long-term gilt yields reduced the estimated cost for schemes to ‘buyout’ their pension promises. 

Screenshotfrom2023-11-0721-27-46.thumb.png.0999aab8d76603c3cb201831c453f238.png

Private sector DB, who acted in the mud 90s,  are in rude health.

But  few if any new members have joined those in the last 25y.

They have git a massive boost with ruse in Gilts, and a little shove in life exp falls.

BBC has trundled on blindly, assuming it didnt have an issue til 2010.

Bbc is in shit as the only way its hosts revenue (bbc) is going is down.

 

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Chewing Grass
4 minutes ago, spygirl said:

Private sector DB, who acted in the mud 90s,  are in rude health.

But  few if any new members have joined those in the last 25y.

They have git a massive boost with ruse in Gilts, and a little shove in life exp falls.

BBC has trundled on blindly, assuming it didnt have an issue til 2010.

Bbc is in shit as the only way its hosts revenue (bbc) is going is down.

 

I did notice shrinking liabilities (probably jabbed to death).

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Chewing Grass
                                                                                           
Multiples of Salary
 
                                                                                             
                                                                                             
                                                                                             
                                                                                             
  Percent In 15                                                                                        
  Return % 2.5                                                                                        
                                                                                             
                                                                                             
  Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 Year 34 Year 35 Year 36 Year 37 Year 38 Year 39 Year 40 Year 41 Year 42 Year 43 Year 44 Year 45 Total  
Year 1 0.15                                                                                         0.15  
Year 2 0.15375 0.15                                                                                       0.30375  
Year 3 0.15759375 0.15375 0.15                                                                                     0.46134375  
Year 4 0.1615335938 0.15759375 0.15375 0.15                                                                                   0.6228773438  
Year 5 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                                 0.7884492773  
Year 6 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                               0.9581605093  
Year 7 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                             1.132114522  
Year 8 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                           1.310417385  
Year 9 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                         1.49317782  
Year 10 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                       1.680507265  
Year 11 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                     1.872519947  
Year 12 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                   2.069332945  
Year 13 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                 2.271066269  
Year 14 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                               2.477842926  
Year 15 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                             2.689788999  
Year 16 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                           2.907033724  
Year 17 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                         3.129709567  
Year 18 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                       3.357952306  
Year 19 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                     3.591901114  
Year 20 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                   3.831698642  
Year 21 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                 4.077491108  
Year 22 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                               4.329428385  
Year 23 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                             4.587664095  
Year 24 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                           4.852355697  
Year 25 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                         5.12366459  
Year 26 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                       5.401756205  
Year 27 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                     5.68680011  
Year 28 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                   5.978970113  
Year 29 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                 6.278444365  
Year 30 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                               6.585405474  
Year 31 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                             6.900040611  
Year 32 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                           7.222541627  
Year 33 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                         7.553105167  
Year 34 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                       7.891932796  
Year 35 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                     8.239231116  
Year 36 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                   8.595211894  
Year 37 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                 8.960092192  
Year 38 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15               9.334094496  
Year 39 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15             9.717446859  
Year 40 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15           10.11038303 10X = Half Salary for 20 Years
Year 41 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15         10.51314261  
Year 42 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15       10.92597117  
Year 43 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15     11.34912045  
Year 44 0.4337280113 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15   11.78284846  
Year 45 0.4445712115 0.4337280113 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15 12.22741967  

 

Far right column gives multiples of salary equivalent.

Each cell contains the years proceeds and compounds as a percentage of salary based on percent sacrificed.

Feel free to use, comment, modify for yourselves but I'm a nutter..

https://docs.google.com/spreadsheets/d/1Iv0e3Mn60TdRtoco0YlZNdpoIwa6G1de/edit?usp=sharing&ouid=103428325892558075288&rtpof=true&sd=true

Edited by Chewing Grass
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15 hours ago, Chewing Grass said:
                                                                                           
Multiples of Salary
 
                                                                                             
                                                                                             
                                                                                             
                                                                                             
  Percent In 15                                                                                        
  Return % 2.5                                                                                        
                                                                                             
                                                                                             
  Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 Year 34 Year 35 Year 36 Year 37 Year 38 Year 39 Year 40 Year 41 Year 42 Year 43 Year 44 Year 45 Total  
Year 1 0.15                                                                                         0.15  
Year 2 0.15375 0.15                                                                                       0.30375  
Year 3 0.15759375 0.15375 0.15                                                                                     0.46134375  
Year 4 0.1615335938 0.15759375 0.15375 0.15                                                                                   0.6228773438  
Year 5 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                                 0.7884492773  
Year 6 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                               0.9581605093  
Year 7 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                             1.132114522  
Year 8 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                           1.310417385  
Year 9 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                         1.49317782  
Year 10 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                       1.680507265  
Year 11 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                     1.872519947  
Year 12 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                   2.069332945  
Year 13 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                                 2.271066269  
Year 14 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                               2.477842926  
Year 15 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                             2.689788999  
Year 16 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                           2.907033724  
Year 17 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                         3.129709567  
Year 18 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                       3.357952306  
Year 19 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                     3.591901114  
Year 20 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                   3.831698642  
Year 21 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                                 4.077491108  
Year 22 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                               4.329428385  
Year 23 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                             4.587664095  
Year 24 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                           4.852355697  
Year 25 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                         5.12366459  
Year 26 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                       5.401756205  
Year 27 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                     5.68680011  
Year 28 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                   5.978970113  
Year 29 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                                 6.278444365  
Year 30 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                               6.585405474  
Year 31 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                             6.900040611  
Year 32 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                           7.222541627  
Year 33 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                         7.553105167  
Year 34 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                       7.891932796  
Year 35 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                     8.239231116  
Year 36 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                   8.595211894  
Year 37 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15                 8.960092192  
Year 38 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15               9.334094496  
Year 39 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15             9.717446859  
Year 40 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15           10.11038303 10X = Half Salary for 20 Years
Year 41 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15         10.51314261  
Year 42 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15       10.92597117  
Year 43 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15     11.34912045  
Year 44 0.4337280113 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15   11.78284846  
Year 45 0.4445712115 0.4337280113 0.4231492793 0.4128285652 0.4027595758 0.3929361715 0.3833523624 0.3740023048 0.3648802974 0.3559807779 0.3472983199 0.3388276292 0.3305635407 0.3225010153 0.3146351369 0.3069611091 0.2994742528 0.2921700027 0.2850439051 0.2780916147 0.2713088924 0.2646916024 0.2582357096 0.2519372777 0.245792466 0.2397975278 0.2339488077 0.2282427392 0.2226758431 0.217244725 0.2119460731 0.2067766567 0.2017333236 0.1968129987 0.1920126816 0.1873294455 0.1827604346 0.1783028631 0.1739540127 0.1697112319 0.1655719336 0.1615335938 0.15759375 0.15375 0.15 12.22741967  

 

Far right column gives multiples of salary equivalent.

Each cell contains the years proceeds and compounds as a percentage of salary based on percent sacrificed.

Feel free to use, comment, modify for yourselves but I'm a nutter..

https://docs.google.com/spreadsheets/d/1Iv0e3Mn60TdRtoco0YlZNdpoIwa6G1de/edit?usp=sharing&ouid=103428325892558075288&rtpof=true&sd=true

What investment class gives a real terms yield of 2.5%?

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Chewing Grass
4 hours ago, No One said:

Thank you C.G, Could you explain what the fractions represent?

Easy, my cells are fixed size and wrapped the text round for the many decimal places #notafraction

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BT Group raises prospect of pension refund after scheme deficit halves

One of UK’s biggest retirement plans has been boosted by higher interest rates

https://www.ft.com/content/2956f0d7-dcc1-4293-bac8-6d5b79af4eb7

Theres a lot of large UK (and EU firms) that having been on the pension deficit treanikk sicne QE startedm, will find themsleves having to act liek compnies agian i..e spendign money, developing products and services.

 

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  • 7 months later...
One percent

I told you all. The bastards are going to means test the state pension 

 

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I don't see the point of saving loads of your working age earnings in the hope of being healthy enough to spend them in retirement, when the costs are way more during working age what with paying off a mortgage and raising kids, so spendature should be way less in retirement even with similar hobbies and travel plans. Therefore the sacrifice of deferring so much to old age only for it to be taxed or stolen seems something born out of expectation than what's truly best for the average person.

A pension is just a tax wrapper for savings, so no point building a massive pot that can't avoid the tax brackets as you're then putting faith in the performance of the pension outweighing the inevitable tax at the end.

And if state pension is to become means tested it makes more sense to live a simpler life in retirement having squirreled away any private pension pots before state pension age. My current plan is to draw down my private pension pots from 55 to 67 and use it to invest in stuff they won't include in the means test, so worse case I have those investments out of sight and still have the full state pension that just about squeezes inside the personal allowance before tax.

Either have a massive pot you can ignore the tax implications by being free to move where it won't be stolen, or no pot is the way I see it.

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7 hours ago, One percent said:

I told you all. The bastards are going to means test the state pension 

 

How long before the mug voters are wishing for the tories to come back. xD

Presume the rules mean any such changes need a certain buffer of say 10 years to not cause too much aggro with financial planning, so will impact the younger ones rather than those already in the final phase of planning for retirement. Also the use of 'could' often means they're floating ideas before rolling it back to something less disastrous in terms of the next election is only 5 years away so they can't be bringing it in sooner than that and the tories will just say they'll overturn it and piss the next election. xD

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One percent
19 minutes ago, BoSon said:

How long before the mug voters are wishing for the tories to come back. xD

Presume the rules mean any such changes need a certain buffer of say 10 years to not cause too much aggro with financial planning, so will impact the younger ones rather than those already in the final phase of planning for retirement. Also the use of 'could' often means they're floating ideas before rolling it back to something less disastrous in terms of the next election is only 5 years away so they can't be bringing it in sooner than that and the tories will just say they'll overturn it and piss the next election. xD

Nope, the tories won’t overturn it. They haven’t overturned anything the liebour government did, they just doubled down on it.  How many times did they promise to reduce immigration?   

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21 minutes ago, One percent said:

Nope, the tories won’t overturn it. They haven’t overturned anything the liebour government did, they just doubled down on it.  How many times did they promise to reduce immigration?   

In terms of typical state pensions the UK's isn't that spectacular as is, so it's an easy win if labour comit election suicide by planning something that won't be enforcable within the current parliament, as they have to give sufficient notice.

I expect if it's not just typical social media bollocks that labour will go after the wealthy first, but then that's the slippery slope of how fast they widen it to capture more and more. Those furthest from retirement will be hit hardest but also have the longest time to plan accordingly.

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Chewing Grass
Just now, BoSon said:

Those furthest from retirement will be hit hardest but also have the longest time to plan accordingly.

Very few of the young have the mental capacity and discipline to plan for something so far in the future, 5 years time is a lifetime away never mind 50.

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