How do I get an estimate?

Calculating an estimate

You may be thinking of retiring or nearing your retirement age and want to get an estimate from us about your pension benefits.

The quickest way is for you to do your own estimates free of charge using my pension online. This gives you access to your own pension account and, once logged in, you can use the Pension Calculators to produce your own estimates – all free of charge.

This will give you an indication of your pension, but if you are thinking of retiring please don’t make decisions in respect of your benefits without requesting a formal estimate from us.

Your annual pension benefit statement shows the current value of your pension benefits, as well as an estimated value at your Normal Pension Age.  This is sent to you every August - free of charge.  It’s an important document so you should keep it safe. Your statement is also available on my pension online.

Flexible Retirement and Redundancy Retirement

If you want to get an estimate for either Flexible Retirement or leaving due to Redundancy, then you must first speak to your employer as you will need their consent. These estimates may only be requested by your employer.

Getting a formal estimate

We will provide one free estimate per year, on request, if you are thinking of leaving or retiring within the next 12 months. If this applies to you request your formal estimate using our Contact Us section.

However, if you are looking for an estimate:

  • outside this 12 month period
  • and/or for more than one estimate in a year
  • and/or for multiple retirement dates and / or ages,

then we will charge an administration fee of £48 (including VAT) for each individual estimate.

These charges are outlined in our Estimates Policy and Schedule of Charges.

If you would still like to request an estimate/additional estimate then please complete the Payment of charges for Pension Estimate form and return it to us, along with payment for the required amount, and we will provide you with the information you have requested.

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