This ready reckoner is designed to show an earlier pay figure in today’s money. For example, since 1 September 1990 the cost of living has risen by 50.29%. A final pay of £10,000 from then is therefore worth £15,029 in today’s money.

To get an accurate result, you must enter the correct pay figure and date. The 'final pay used to calculate your deferred benefits' must also be the pay relating to the last twelve months of your deferred membership. If you enter a pay figure from an earlier period, the new figure that the reckoner will calculate will tend to be lower than it should be.

This ready reckoner uses the modern terms final pay and deferred benefits. These used to be called pensionable remuneration and preserved benefits.

This ready reckoner 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. If this applies to you, we will write to you.

For more about linking membership. click here (pdf file).

1. Enter the final pay used to calculate your deferred benefits

2. Enter the day after the last day of your deferred membership

  01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31   January February March April May June July August September October November December   1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

This is your final pay in today's money  £ (Annual)