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Civil Service pension - buying added pension

5 replies

OldAgeBeckons · 04/03/2025 17:41

Hello

Looking at the CS pension site and I'm confused.
In the Alpha scheme the stated maximum of Added Pension is £9,200.
So does that mean I can pay in a maximum of £766 pm?
I've downloaded the calculator but I seem to be able to put in higher figures before it fails the 'limit check'.
It's very confusing.
Can anyone help?

OP posts:
Bunnycat101 · 05/03/2025 10:56

The maximum is basically forever not each year and it would cost you a fortune to get near it. Added pension is also pretty expensive so you need to run the numbers to see if it is worth it compared to putting it in a SIPP- the older you see the more worth it.

You can see it more if you put a lump sum into the calculator. It would cost you £100k to get to the 9.2k limit- which you can’t do as it would be over the limit.

PosiePerkinPootleFlump · 05/03/2025 14:30

I assume you’ve done £9,200 / 12 to get to your £766. That’s not how it works. Don’t forget that the extra you are buying is an amount you’d get paid every year until death. I’d expect £1,000 of extra pension to cost ~£15-20k

OldAgeBeckons · 05/03/2025 14:45

Thank you both.
I sorted it out while playing around with the calculators.

OP posts:
newhousenewhouse · 05/03/2025 18:47

The modeller has been missing from my portal for a while now! It was there before... does everyone has it there still? Thanks

WobblyLondoner · 07/03/2025 18:38

newhousenewhouse · 05/03/2025 18:47

The modeller has been missing from my portal for a while now! It was there before... does everyone has it there still? Thanks

The modeller is back but is giving very different estimates for early retirement than it provided before - there are a few threads about it on the moneysupermarket.com forum pages. I’m only a few years off (I’d hoped) and am really concerned that the plans I made aren’t based on accurate information.

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