|
Defined Benefit | Defined Contribution |
---|---|---|
Pension accrued | £6,000 p.a. | £64,800 |
AA used | £96,000 | £64,800 |
AA excess | £86,000 | £54,800 |
AA charge | £38,700 | £24,660 |
Benefit reduction | £1,935 p.a. | £24,660 |
Post AA charge benefit | £4,065 p.a. | £40,140 |
Net cost | £11,880 | £11,880 |