We have designed a calculator to show an earlier pay figure in today's money. For example, since 1 September 1990 the cost of living has risen by 107.22%. A final pay of £10,000 from then is therefore worth £20,722 in today's money.
To work accurately, the pay figure and date that you are about to enter must be correct. The final pay used to calculate your deferred benefits must also be the pay relating to your last 12 months of deferred service. If pay from an earlier period was used, the new figure calculated will tend to be lower than it should be.
The calculator uses the terms final pay and deferred benefits. Historically these were known as pensionable remuneration and preserved benefits.
The calculator is also to help you decide whether to retain your deferred benefits or to cancel them and link your deferred membership with your current employment.