Any Actuarial Types in the house?

[Jasandjules]

Hi,

Can anyone spare me a moment to calculate what an Insurance Policy which pays into a pension fund would be worth at retirement if I provide info via PM? (I am hoping someone can do it by simply punching numbers in a prog.)

Alternatively, can someone confirm that if the policy increases by 5% per annum that I can simply put the payment amount into excel and increase it by 5% per annum to get a total...

Ta muchly..

[Bushmaster]

You can get a rough idea here:

http://www.planyourretirement.co.uk/Calculator.asp

[Jasandjules]

Ta for that, I have used a couple of sites like that, but it looks like I need an exact figure unfortunately.

[Bushmaster]

Jasandjules said:

Ta for that, I have used a couple of sites like that, but it looks like I need an exact figure unfortunately.

It cannae be done, depends on the exact charges taken by the insurance company, the annuity rate that will apply and, most unpredictably, the fund's future performance / growth rate.

If you write to your plan provider they should be able to provide a projection that will include their charges but the annuity rate and the growth rate will still be assumptions.

[Jasandjules]

Ah now that's a bit of a b**er !!

I guess I'll have to knock up something to the plan provider then, thank you for that, at least I know what to do next !!

Cheers