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PPF Caps

PPF Cap Assumptions: Applicable Date

Enter the date at which the Benefit Cap and factors are applicable. The format must be DD/MM/YYYY.

PPF Benefit Cap

Enter the PPF Benefit Cap as at the Applicable Date specified in the previous field.

Note that SuperVal will apply 90% to this figure.

PPF Benefit Cap Adjustment Factors

Double click to select the table containing the adjustment factors to be applied to the PPF Benefit Cap for comparison with scheme benefits payable at ages other than age 65 (including death in deferment benefits).

PPF S143 (Entry) Valuation Benefit Cap Increase Rate

Enter the rate (in excess of inflation) at which the Compensation Cap will increase in the future for non-pensioners as set out in the guidance issued by the PPF. This is currently 1.5% (Guidance H4).

Cash Factor (Pre-97)

Double click to select the cash factors to apply where schemes provide retirement cash on-top of pension. (Cash commutation is ignored for PPF Valuations.) The cash factors are used to convert cash into pension (cash/factor) and then added to actual pension before comparing with the PPF Benefit Cap.

The Cash factor should be in the same format as commutation factors, i.e. 11 or 9 at relevant ages.

Cash Factor (Post-97)

Double click to select the cash factors to apply where schemes provide retirement cash on-top of pension. (Cash commutation is ignored for PPF Valuations.) The cash factors are used to convert cash into pension (cash/factor) and then added to actual pension before comparing with the PPF Benefit Cap.

The Cash factor should be in the same format as commutation factors, i.e. 11 or 9 at relevant ages.

Grid editing options

Right-clicking on the Top Left Corner of the grid displays a menu which allows you to set the following Grid Editing Options:

  • Editing of a cell can be invoked by either clicking on the cell or by pressing F2 when the cell is active (Clicking will only change the current active cell); and
  • determine the cursor movement once editing is complete to be either to the next cell down, the next cell to the right or to stay in the current cell.

Delete Row

Click here to delete an existing row of PPF yields or PPF Caps.

Edit Row

Click here to edit an existing row of PPF Yields or PPF Caps.

Add Row(s)

Click here to add an additional row of PPF Yields or PPF Caps.

Save

Clicking on the Save button allows you to save the entries.

Quit

Clicking on the Quit button allows you to exit without saving any of your changes.

In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.