Police pension calculator.
A quick estimate of what the 2015 police pension scheme could pay you at 60, in today’s money. Your annual benefit statement is the real figure; this shows the shape.
Your estimate
Each year you serve adds 1/55.3 of that year’s pay to your pension, and the total grows by 1.25% a year more than inflation until you leave. That’s what this adds up.
Police pay scalesWant a bigger pension?
Promotion builds it fastest.
Your pension is built from your pay each year, so a promotion raises every year that follows. Sergeant starts with the NPPF legal exam.
Questions people ask
How is the police pension worked out?
In the 2015 scheme, each year you build up 1/55.3 of that year’s pensionable pay as pension. Each April, what you’ve built up so far goes up by CPI inflation plus 1.25% while you’re still serving. Your pension is the total, payable in full from 60.
When can police officers retire?
The normal pension age in the 2015 scheme is 60. You can take it from 55, but it’s reduced to allow for paying it for longer: around 20% less at 55, shrinking to nothing at 60.
Can I take a tax-free lump sum from my police pension?
Yes. You can give up some yearly pension for a tax-free lump sum: £12 of lump sum for every £1 of yearly pension you give up, within limits.
What about the 1987 and 2006 police pension schemes?
Everyone moved into the 2015 scheme from April 2022. Officers with service in the older schemes keep those benefits, and the McCloud remedy gives a choice of scheme benefits for service between 2015 and 2022. Your annual benefit statement shows what you have.
Scheme rules from the Police Federation’s guide to the 2015 CARE scheme.