Important information & Disclaimer
Please note our full terms and conditions here. In registering or purchasing any of our services, you agree to our terms + conditions
DISCLAIMER: (C) 2025 Goldstone PenFinTech. The initial modelling tool is for personal educative use only and gives an indication of the interactions between inflation, salary, tapering of the annual allowance and tax. It is not a substitute for formal financial advice from an accountant or suitably qualified financial advisor. The output of this calculator should not be relied up for decision making. If you do not understand this you are advised to seek formal financial advice. Use this at your own risk. Commercial use of this modeller for profit is expressly forbidden. Please get in touch with licencing queries if you wish to use these calculations as part of your workflow for your clients.
The tool only works for members who have remained in the scheme in the relevant years and have not opted out during any part of this period. In order to get more accurate results, you should complete the RPSS process and understand your position for 23/24 and 24/25 to calculate carry forward. This tool is not for members taking retirement / partial retirement during either tax year covered. As with any modeller, its crucially relies on the information you put into it being correct - Rubbish in = Rubbish out! For simplicity, the tool only overs disallowed days from industrial action in 23/24 where they will impact most members and may have a minor impact on 1995/08 growth.
There are still some unanswered policy queries regarding practitioner growth in 1995 scheme following the "CPI disconnect fix". The provided estimates are based on 1.5% growth above inflation which was the initial policy intention of the CPI disconnect fix to not charge for growth related to inflation, but this is currently a fluid area of policy and the final mechanism for determination of these figures may change in the future, and these figures should be taken as a basic estimate only, This calculation is illustrative only, and is intended to give a simplified view of the NHS pension practitioner calculations based on Regulation 72 rule factor of 1. These calculations exclude the impact of FVEC.
The tool has undergone extensive testing and validation against existing external tools, and produces a resonable estimate based on our current undertanding of pension tax and current UK taxation. Neither Goldstone PenFinTech nor its technical advisors accepts any responsibility or liability for the data inputted into this modeller, its outputs and the interpretation of that output, or any subsequent decisions you may take or tax liabilities that may arise, following its use. The tool is primarily an educational tool, and should you should strongly consider if you need to obtain professional financial advice to fully understand your position and/or before taking any action.
Version: Draft beta 0.13 pre-release 1/11/25. These early BETA versions may contain errors, so you are encouraged to revisit your link regularly for updates
GOLDSTONE PENFINTECH LTD
Your data is processed by Goldstone PenFinTech in accordance with our privacy policy and any agreement we have with you. Information on how we use your personal data can be found below.
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Collection of personal data
The extent and type of information we receive from you on our external websites depends on what you do when visiting our site. If you visit our site to read or download information, all of the information we collect - such as the domain from which you access the Internet, the date and time you access our site, and the Internet address of the website from which you linked directly to our site - is not personally identifiable. Information about the number of visitors and their use of the site and will only be used for statistical purposes (in aggregate form) to make our site more useful and attractive to you.
If you provide us with personal data we will use it to process your request, to provide goods and services to you and to let you know about other Goldstone PenFinTech goods and services in which you might be interested. For example, if you send us a message requesting information about Goldstone PenFinTech current or future service, we will use your email address and other information you supply to respond to your request. If we intend to use your personal information to tell you about other Goldstone PenFintech services, we will tell you so and give you an opportunity to decline to receive such communications.
Your personal information will be retained only for as long as necessary to fulfil the purposes for which the information was collected or as required by law.
Protection of personal data
We do not share personal information with third parties except as necessary to carry out our business, your requests or as required by law or other legal processes. We will never sell your personal information to third parties.
Goldstone PenFinTech has technological and operational security policies and procedures in place to protect your personally identifiable information from loss, misuse, alteration or unintentional destruction. We will maintain the confidentiality of such information.
Please DM any queries or errors to me on Twitter @goldstone_tony or email at info@goldstonepenfintech.com
(c) Tony Goldstone / Goldstone PenFinTech 2025