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Cost calculator

We’re busy updating our cost calculator so you can work out how much your pension will cost from April 2018. That’s when Start Up contributions will go up – from 1% to 3% of your pensionable pay. We recently sent you a letter about this.

As explained in this letter, until our new cost calculator is ready – which should be by DATE – here are a few examples that show how much someone will pay into their pension from April, depending on their pay. Just select the drop-down arrows below to view them. The total payment shown in the first line of these examples includes Sainsbury’s contribution of 2%.

Examples

Total paid into Jon’s pension pot for that pay period

£26.80

Actual cost to Jon (if in SMART)

£10.93

Actual cost to Jon (if not in SMART)

£12.86

Anonymous   9th February 2018  

Total paid into Sammie’s pension pot for that pay period

£36.80

Actual cost to Sammie (if in SMART)

£15.01

Actual cost to Sammie (if not in SMART)

£17.66

Anonymous   9th February 2018  

Total paid into Rebekkah’s pension pot every month

£56.80

Actual cost to Rebekkah (if in SMART)

£23.17

Actual cost to Rebekkah (if not in SMART)

£27.26

Anonymous   9th February 2018  

Total paid into Leslie’s pension pot
every month
£138.34
Actual cost to Leslie (if in SMART) £56.44
Actual cost to Leslie (if not in SMART) £66.40

Anonymous   9th February 2018