What do I get when I retire?
How does my pension build up?
Your pension builds up year on year. Every year, on 6 April your annual pension build will be worked out for the previous tax year as follows:
So, each year that you pay into PACE, the pension you build up for that year will be added to the previous years’ total.
To protect against inflation whilst you are a Member, the pension you have built up will be revalued on 6 April in the following year in line with inflation (the Revaluation Increase). The Revaluation Increase will be applied each year, up to a maximum of 5%, until you leave PACE.
