Below are the different funds and charges we’ve assumed in our example scenarios. A list of all the funds available in the Plan and their charges can be found in the Chair Statement on the Store.

NameCosts and charges met by members
Default 10.2% - 0.297%
Default 20.350%

The illustrations below show the projected fund values based on certain assumptions before and after charges so the potential impact of charges is clearly shown.

Members should be aware these are simply illustrations, and so the actual fund values and implication of charges for members’ investments may be different if members’ personal details or investment choices differ from those shown or the assumptions are not borne out. For further details, please refer to the DC Chair Statement found the Store section of this website and refer to Appendix 2.

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Example memberYearsBefore chargesAfter charges
New Section Allowance members (youngest member)1£1,400£1,400
3£2,800£2,800
5£4,200£4,200
10£8,000£7,900
15£13,600£13,300
20£19,700£19,200
25£27,700£26,900
30£36,500£35,100
35£47,300£45,400
40£58,900£56,100
45£66,700£63,300
Example memberYearsBefore chargesAfter charges
New Section Allowance members (average member)1£9,000£9,000
3£11,300£11,200
5£13,700£13,500
10£21,300£20,900
15£29,700£28,900
20£40,100£38,800
25£51,200£49,200
30£59,100£56,600
Example memberYearsBefore chargesAfter charges
New Section 'Over the Cap' members (youngest member)1£5,500£5,500
3£7,400£7,400
5£9,400£9,300
10£14,400£14,100
15£21,100£20,600
20£28,400£27,500
25£37,400£36,100
30£47,000£45,000
35£53,800£51,200
Example memberYearsBefore chargesAfter charges
New Section 'Over the Cap' members (average member)1£29,600£29,500
3£34,400£34,200
5£39,400£38,900
10£54,700£53,600
15£71,000£69,000
20£82,900£80,000
Example memberYearsBefore chargesAfter charges
DB AVC payers (youngest member)1£2,800£2,800
3£3,800£3,700
5£4,800£4,700
10£7,400£7,200
15£10,200£9,900
20£13,100£12,700
25£16,300£15,600
30£19,600£18,700
35£23,100£21,900
40£25,600£24,000
41£25,800£24,200
Example memberYearsBefore chargesAfter charges
DB AVC payers (average member)1£52,400£52,300
3£75,400£74,900
5£98,800£97,900
10£157,000£154,400
13£186,200£182,500
Example memberYearsBefore chargesAfter charges
Deferred New Section member (youngest member)1£700£700
3£700£700
5£700£700
10£800£800
15£800£800
20£900£800
25£900£900
30£1,000£900
35£1,100£1,000
40£1,100£1,000
45£1,100£1,000
Example memberYearsBefore chargesAfter charges
Deferred New Section member (average member)1£42,400£42,300
3£43,500£43,100
5£44,500£43,900
10£47,100£45,900
15£46,700£44,900
When we show figures

When projecting pension savings, we show the value in today’s terms, which means we have already taken into account the impact that inflation may have on the buying power of those pension savings. Some funds may not be expected to grow as much as inflation and so the buying power of those pension savings would be expected to go down over time.

Inflation is assumed to be 2.5% each year.

Values shown are estimates and are not guaranteed.