This API calculates the employer contribution percentage based on the scheme structure (input via the admin tool) and employee contribution percentage. This enables your customers to understand the level of monthly contribution they will need to make to have a chance of meeting their retirement target, relative to their current pension scheme.
This example has a scheme structure that has varying employer contributions depending on age and years of service. Find out more about this scheme structure.
Try it out
Use the inputs below and click ‘Calculate’ to demonstrate sample results from this API:
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