Quote:
Originally Posted by AdamD
Quick question for you all
If you worked for a company for 33 years (In this case, Lloyds/Lloyds TSB)
How much pension do you think you'd get if you left after those 33 years?
Assuming you did a job for a salary of say, £20000.
I would hazard a guess you'd get a pretty big pension on leaving, right?
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It depends on what your contribution is and what the company contribution is - which varies company to company.
If people are thinking of leaving, they tend to be given a pension forecast (which can vary on when they wish to draw down the pension).
But, in trying to answer your question, if the company works on the 80ths rule, so the person would get 33/80ths of their salary, which works out at £8250 per annum, or just under £600 per month before tax.