Worked example for career average scheme
Year | Earnings | Pension value (earnings x 1/57) | Value including indexation (3%, for example) | Total pension pot at start of next year |
1 April 2019 to 31 March 2020 | £25,000.00 | £438.60 | £13.16 | £451.75 |
1 April 2020 to 31 March 2021 | £25,000.00 | £438.60 | £13.16 | £903.51 |
1 April 2021 to 31 March 2022 | £35,000.00 | £614.04 | £18.42 | £1,535.96 |