Cookies remember you so we can give you a better service online. By using this website or closing this message, you are agreeing to our Cookies notice.

Final Salary Calculator

Simplified Approach and Substantial Loss Approach

Guildhall Chambers

This helpful tool enables users to simply and quickly estimate the likely pension loss for Claimants in Employment Tribunal cases. It adopts the approach set out in the Tribunal Guidance which is suitable for Final Salary Pension schemes with retirement ages of 55, 60 and 65.

The tool offers help boxes to assist you in identifying the data required. The tool provides a helpful indication of the likely recoverable loss. Depending on the information used the tool will provide a Substantial and Simplified loss calculation, providing a comparison in appropriate cases. The tool is designed to provide an indicative calculation and is based on a number of assumptions. It is therefore recommended that the tool be used as a guide only. Expert advice and assessment should be sought where appropriate.

Whilst every effort is made to ensure accuracy, no responsibility is assumed for the results, calculation or information provided.

Calculator

* Required field(s)

General
Gender * :
Date of Birth (DD-MM-YYYY) * :
 
Old Company
Date Employment Commenced (DD-MM-YYYY) * :
Normal Retirement Age * :
Date of Dismissal (DD-MM-YYYY) * :
Salary at Dismissal * :
Pension Sector * :
Pension Fraction * :
Maximum Service Accrual (Years):
Actual Deferred Annual Pension:
Standard Contribution Rate (%) * :

Other
Date of Tribunal Hearing (DD-MM-YYYY) * :
No. of weeks Future Loss * :
 
Since dismissal, has the Claimant obtained employment with the benefit of a Final Salary pension?

If the Claimant has obtained employment with the benefit of a money purchase pension or no pension tick no. Any employer contributions should be used in calculating loss of salary (see paragraph 8.11 of the Tribunal Guidance).
 
Yes   No
 
New Company
Date Employment Commenced (DD-MM-YYYY) * :
Normal Retirement Age * :
Salary * :
Pension Sector * :
Pension Fraction * :
Maximum Service Accrual (Years):

Copyright © 2013 Allan Roberts of Guildhall Chambers. All Rights Reserved.