The maths of your main benefits

The amount of income you can get when you start taking your pension is usually based on three things: how long you’ve been an active member of the Fund (also called your pensionable service), your final pensionable salary and your accrual rate.

Check your schedule factsheet to find out more about these factors.

An example of an annual pension calculation
Find out more about how we work out your pension income  See how much money you could get when you take your pension 

If you’re working part-time, your pension income is scaled down to match your hours

Generally speaking, the pension income you built up while working part-time will be based on the final pensionable salary you would have had if you worked full-time. But your years of pensionable service are scaled down in proportion to the hours of a full-time job. This only applies to any part-time jobs you’ve had with the bank.