How to calculate your benefits
To estimate the value of your Firefighters’ pension scheme benefits on any retirement date selected by you, just download our handy calculator.
It's a Microsoft Excel file and should cover the needs* of members of members of the various Scottish Firefighters’ pension schemes other than members of the Retained Firefighters’ Modified Pension Scheme. The calculator also accommodates members who have benefits in more than one scheme. When you use the calculator you'll get:
- an illustration of benefits, in today's money terms, that may become payable at a retirement date selected by you
- a description of the benefits payable for each scheme you've been a member of
- an estimate of the maximum lump sum that could be payable
- a printable copy of your personal illustration.
You may find it useful to have your most recent Annual Benefit Statement available while you're using the calculator.
Please note that the illustration is not a guarantee, nor is the calculator intended to provide you with financial advice. If you require financial advice, you should contact an independent financial adviser.
*The calculator does not cover: the effect of pensions tax charges on your benefits; information about any optional benefits such as additional pension and additional voluntary contributions; survivor benefits payable in the event of your death.
2015 Remedy calculations
The Firefighters’ Pension Calculator does not account for the changes being introduced by the 2015 remedy.
The legislation and processes required to offer members the choice between legacy and CARE scheme benefits will be in place from 1 October 2023. If you plan to retire before this date, you can use this calculator to estimate what your benefits will be based on the current scheme rules.
Retired members will be offered their choice once the legislation and processes are in place. Any pension benefits due will be backdated to their date of retirement.
This calculator will allow protected members to continue to accrue benefits in their legacy scheme after 31 March 2022, which is no longer permitted. This means some protected members may receive inaccurate pension estimates.
Members with 1992, 2006 and 2015 scheme benefits can use our 2015 remedy calculator to view a dual estimate and comparison between their legacy and CARE scheme benefits.
Glossary of commonly used terms.