Pension Forecast

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Definition: Pension Forecast

Pension Forecast

Quick Summary of Pension Forecast

Upon request in the UK, a written forecast may be obtained from The Pensions Service outlining a person’s estimated entitlement to the National Insurance Pension (State Pension) at retirement age (Form BR19). It is based on certain assumptions and total NI contributions paid over the person’s working life to date. The forecast takes into account the entitlements to the various segments of the National Insurance Pension namely NI Basic Pension, S2P and the Graduated Retirement Benefit.

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Definition Sources

Definitions for Pension Forecast are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.