Pension Increase Exchange (PIE) tool

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This tool can help you think about whether exchanging some or all of your future pension increases for a one off uplift (increase) to your current pension income fits with your personal circumstances and why it might be worth investigating further.

Simply answer a few questions about you, your pension and your preferences, and you’ll get an idea about whether the Pension Increase Exchange (PIE) option might be right for you.

Please note that this tool does not offer advice, it purely offers guidance and highlights some of the issues for you to discuss with Chase de Vere (the appointed Independent Financial Advisor (IFA)) if you decide to look into it.

Terms & Conditions

Tell us a bit about you

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Relationship status

Your health now

I have major
health concerns I have some health
concerns or issues I'm mostly
healthy I'm in
good health

Your health in the future

I'm worried
about my
future health I have one
or two small
concerns I should be
mostly healthy
in the future I should be
in good health
in the future

Tell us about your lifestyle

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Tobacco

I've never
smoked I gave up a
while back I smoke
occasionally I'm a regular /
heavy smoker

Alcohol

I'm teetotal I drink on special
occasions only I have a drink
or two most weeks I'm a regular /
heavy drinker

Exercise

I exercise
most days I exercise once or
twice a week I exercise a few
times a month I rarely /
never exercise

Tell us about your financial needs

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Having a higher BBC pension now would…

Be life changing Make things
easier Be a bit of
a luxury Not really make any
difference to me

If I could buy less with my BBC pension in the future I would…

Be fine Have to make
small changes Struggle a bit Not be able
to get by

Income Tax considerations
Taking a one off uplift to my BBC pension would…

State benefits
Are you currently receiving any means tested benefits like the
pension credit, council tax support or housing benefit?

Your results

Investigate
PIE
option?		 Explanation

Exchanging your increases for a one off uplift may be worth looking into because…

Further investigation of the PIE option might be needed because…

Exchanging your increases isn’t likely to be a good idea because…
Marital Status
Health
Lifestyle
Current financial
needs
Future financial
needs
Income Tax*
Benefits

It would be impossible to say from a few questions whether taking the PIE option for a one off uplift or keeping your pension increases would be in your best interests. But this tool has hopefully given you an idea of some of the issues to consider.

That doesn’t mean it definitely is or isn’t right for you, and you should discuss your options with Chase de Vere (the appointed IFA). You will need to take advice from Chase de Vere before you can take the PIE option.

You can speak to Chase de Vere by:
Telephone: 0800 088 3112 between 9am and 5pm weekdays (excluding bank holidays)
Email: bbcpie@chasedevere.co.uk to arrange a call-back.

For most members this advice is available at no cost to you (see page 10 of the PIE Guide).

*Other tax charges and considerations could apply. Please discuss these with Chase de Vere.