British Steel Pension Calculator

Which scheme is best for you?

The British Steel Pension Scheme (BSPS) closed on 31^st March 2017, leaving you with an important decision to make. You can either:

• Do nothing and automatically have your pension moved into PPF
• Or transfer to the new scheme called BSPS2

Every situation is unique and the decision to transfer or not will differ from person to person. The BSPS2 vs. PPF Calculator is here to help you make a more informed decision.

You will need your Pension Options Booklet throughout this calculator, and if you have a Cash-Equivalent Transfer Value (CETV) this will help give you a more accurate result.

You should not use this calculator as a direct alternative to financial advice, but instead use it as an informative analysis of the options. By using this calculator you are agreeing that the results are a projection and have been made using several assumptions.

Frequently Asked Questions