Assumptions for Pensions Calculations

TAX RATE BASIC = 22%
TAX RATE HIGHER = 40%
INFLATION = 4.0% per annum
RETURN ON INVESTMENT = 6.5% per annum
ANNUITY RATE = 6.0%
MANAGEMENT CHARGE YEARS 1-10 = 1.5%
MANAGEMENT CHARGE YEAR 11 on = 1.0%

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