REVALUATION RATES

Revaluation rates are needed for bringing defined benefit pensions into line each year, both when in payment and in the deferment period for scheme leavers.   The main tables derive from Government Orders and here we show a selection of the most recent values which have come into use.  

You can get the full tables by sending a request on the form below.

OCCUPATIONAL PENSIONS REVALUATION ORDERS

Revaluation (%) for period of deferment, where Year of NPA = 2016

Complete Yrs since left
1 0.0 0.0 6 15.1 15.1 11 31.7 16 49.2 21 71.0 26 112.8
2 1.1 1.1 7 13.5 13.5 12 35.8 17 50.8 22 74.8 27 129.0
3 3.8 3.8 8 19.2 13 39.6 18 55.6 23 77.9 28 142.1
4 6.1 6.1 9 23.8 14 42.0 19 61.2 24 84.3 29 152.2
5 11.6 11.6 10 28.3 15 44.4 20 64.6 25 91.9 30 160.0

Figures for years 1-7 show both the higher and lower revaluation percentages: the latter is relevant only for these periods

 
POST-1988 GMPs IN PAYMENT

Statutory Increases for succeeding years

Tax Year beginningRate of Increase
6 Apr 20073.0%
6 Apr 20083.0%
6 Apr 20093.0%
6 Apr 20100%
6 Apr 20113.0%
6 Apr 20123.0%
6 Apr 20132.2%
6 Apr 20142.7%
6 Apr 20151.2%
6 Apr 20160%
LPI INCREASES

Annual Increases of Pensions in Payment

Date to take effectRate of Increase
1 Jan 20083.9%
1 Jan 20095.0%
1 Jan 20100.0%
1 Jan 20113.1%
1 Jan 20125.0%
1 Jan 20132.2%
1 Jan 20142.7%
1 Jan 20151.2%
1 Jan 20160.0%

Note: for pensions coming into payment on/after 6.4.05, LPI is restricted to max of 2.5% for that part of the pension earned from post-April 05 service

RPI CONTINUATION TABLE

Special Aries service

In 2011, the official Occupational Pensions Revaluation Table (as shown above) was switched from RPI to the CPI basis instead.

Aries provides an unofficial RPI continuation table, needed for those schemes whose rules still require RPI revaluation to apply in the post-2011 period.

For further details, please tick RPI Continuation on the form below.

  REVALUATION RATES ENQUIRY FORM

Tables l would like to see:

OPS Revaluation       LPI Increases       RPI Continuation Table
Post-1988 GMPs in Payment       Fixed Rate GMP Revaluation       s.148 Orders

and/or
Other Tables - please specify:

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Aries Insight Statistics Service
Aries House
29 Station Road, Desborough, Northants NN14 2RL
Tel 01536 763352
email: steve@ariesinsight.co.uk

 
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