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Firefighters pension calculator
Start from the 2015 scheme pension on your annual benefit statement. Each year you serve adds 1/59.7th of your pay in England, and what you have built rises with average earnings. Everything is in today’s money.
Now see it beside everything else
Your Firefighters pension is one piece. Isaac adds your State Pension, other pensions, savings and spending, takes off tax, and shows how long your money lasts.
- Each Firefighters section with its own pension age
- Taking it early, at the pension age or later, compared
- Plan as a couple, with your partner’s pensions too
- Free to start. No card. iPhone, Android and web
- Each year adds
- 1/59.7th of that year’s pensionable pay
- Revalued by
- average earnings, which we assume rise 1% a year faster than inflation while you pay in, then inflation after you leave
- Paid in full from
- 60
- Tax-free cash
- Optional: £12 for every £1 a year of pension given up
Everything is in today’s money. Taking the pension before the age above reduces it for each year it’s paid early; the scheme’s own factors set by how much.
How this calculator works
It starts from the pension you have already built up, from your latest statement. Each year until you stop paying in, it adds 1/59.7th of that year’s pay and revalues everything so far by average earnings, which we assume rise 1% a year faster than inflation. After you stop, the pension keeps pace with inflation until it is paid. All figures are in today’s money, so a pound in the answer buys what a pound buys now.
If you were in the 1992 or 2006 scheme, the McCloud remedy moved your service from April 2015 to March 2022 back into it, and you choose at retirement. Wales and Scotland use slightly different rates. This calculator covers the 2015 scheme in England; the Isaac app adds each scheme with its own pension age.
Questions
When is my firefighters’ 2015 scheme pension paid?
In full from 60 if you serve until then, or from 55 with a reduction. If you leave earlier, it is paid from your State Pension age.
How does the firefighters’ 2015 scheme build up?
In England each year adds 1/59.7th of that year’s pensionable pay. While you serve, the total is revalued each year in line with average weekly earnings. Once you leave, it rises with inflation.
How much tax-free cash can I take?
You can give up some pension for a lump sum at £12 for every £1 a year of pension. The most you can take is 25% of the value of your benefits, which works out at about 4.3 times the pension before you give any up. The calculator shows both.
For more on the scheme, read our Firefighters’ Pension Scheme guide.