07/04/2025
CLIENT 101:
A 36 year old band 6 NHS nurse contributes 9.8% on her pension amounting to £374 per month and the employer contributes 20.6%.
Current Pension Pot: £40k on her pension pot.
Annual salary increase: 2.5%
Assumption: Pension fund returns 8% every year.
Retirement age: 67
CONSULTANT CALCULATION RESULT:
By the time she retires at age 67, here’s what the numbers would look like based on assumptions:
• Final Pension Pot: £2,817,912
• 25% Tax-Free Lump Sum: £704,478
• Remaining Pension Pot (for income): £2,113,434
• Estimated Monthly Pension Income (at 4% withdrawal rate): £7,045
10 YEAR PROJECTION: Age 57-66
Here’s a 10-year snapshot (from age 57 to 66) of client’s projected NHS pension fund, salary, and contributions:
Age Salary (£) Annual Contribution (£) Pension Pot (£)
57 76,918 23,383 1,233,047
58 78,841 23,968 1,357,576
59 80,812 24,567 1,492,715
60 82,832 25,181 1,639,327
61 84,903 25,811 1,798,349
62 87,026 26,456 1,970,789
63 89,201 27,117 2,157,739
64 91,431 27,795 2,360,376
65 93,717 28,490 2,579,976
66 96,060 29,202 2,817,912
