However, the growth potential with Anytime Access is lower than with any of our other options. Oops! The Options ISA is a stocks and shares ISA that gives you four different, tax-efficient options to save lump sums, regular amounts or both.You can pick just one option, split your money across several or put money into different options, at different times.. If you require financial advice, you should contact an independent financial adviser. When you use the calculator you'll get: You may find it useful to have your most recent Annual Benefit Statement available while you're using the calculator. **, Whichever option or combination of options you choose, our Options ISA plan will allow you to…, You can contribute up to £20,000 this tax year without paying capital gains tax on future returns. If you have any issues with the Police Pension Calculator, please email us. Unsure if paying off your debts the right thing to do? We would suggest you contact your pension provider for clarification. It is intended illustrative purposes only. Published 9 March 2018 Last updated 29 April 2019 — see all updates Bankrate.com provides a FREE pension calculator and other fund calculators to help consumers make the best retirement planning decisions. So, whether you’re looking for a fixed rate, total security, potentially better returns or a combination of all of these, you can get them all with our Options ISA plan. It is not intended to provide you with financial advice. for 1+3, enter 4. The calculator is for guidance only, and only offers estimates. Investing can be a great way to grow your wealth and with our Options ISA you have the flexibility to decide how best to put your money to work. If you’re looking for potentially higher growth potential, you may want to consider our Protected Growth or Non Guaranteed options**. By continuing to use the website you are consenting to our use of cookies. The calculator allows police officers to see an illustration of their projected pension benefits. With the Non Guaranteed option, your money can go down as well as up and you may get back less than you put in when you withdraw your savings. The calculator will give an estimate of the amount you will have built up during the existing pension schemes, either the 1987 Scheme or the 2006 Scheme. Without it you will experience limited functionality. Pension & Commutation Whatever your retirement brings, you'll want to know how much money you're going to have to fund the lifestyle you want and the plans you have in mind. You can withdraw or transfer to another ISA at any point. These products are provided by Police Mutual Assurance Society Limited trading as Police Mutual, more information is available on our legal page. You can pick just one option, split your money across several or put money into different options, at different times. Please note: this is a guide to aid you with your decision but should not be taken as advice. If you haven't received your latest annual benefit statement or you would like to request an estimate of your benefits, please check your eligibility here before you apply. To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. With the Protected Growth option, if you withdraw your money other than on the five-year set guarantee points, you may get back less than you have put in. To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. Cookies on the Police Mutual website. For example, school or university fees, cost of long term care for elderly relatives etc, Extra time on your hands to do something you’ve always wanted to, whether that be a new hobby or new venture, These calculations show that you will have. Use our useful Calculators to calculate your finances Cookies on the Police Mutual website We use cookies to help your user experience, understand how our website is … Like Anytime Access you can withdraw at any time, but unlike Anytime Access, if you withdraw before the end of the term you will only get back the amount you invested. - The calculator assumes that general long-term pay increases by (i) 0.0%, (ii) 1.0% and (iii) 2.0% more than CPI each year. Unlike the Anytime Access, Fixed Term or Protected Growth options there are no guarantees you will get your money back and whilst you can withdraw at any time, because your investment can go up and down, you may get back less than you have put in. Transfers from previous tax years are also allowed.*. E.g. With a minimum lump sum investment of £1,000, this option is the only one to give you absolute certainty of the value of your investment at the end of the fixed term. **, With an initial lump sum of £100, or a regular monthly premium from £40, this option offers the greatest potential for growth of all our options. **With Fixed Term if you withdraw before the end of the term, you will only get back what you invested. For savers who want money-back protection on their investment at all times, For savers who want to invest a lump sum over a fixed term for fixed growth, For savers looking to invest a lump sum over five years or more with guaranteed protection, For savers who are willing to sacrifice guarantees for potentially higher returns. Cookies on the Police Mutual website We use cookies to help your user experience, understand how our website is … What are the key features of the Option ISA? Scottish Government | Riaghaltas na h-alba | gov-scot. click here for more information. Consider your circumstances, lifestyle and spending habits to ensure you have a sum instantly available in case of emergencies. If you'd like financial advice, then this is … However, if the selected retirement date is before 1/4/2020, the lowest rate of pay increases has been set to 1% (CPI – 1%). Click to answer the questions below and we’ll display the option that matches your answers. Police Pension Scheme (England and Wales) Retirement brings many changes - some exciting, some perhaps a little daunting, with Police Mutual's Retirement Centre, we'll help work through those with you.