State Pension in future value

Q. How do I show the state pension in future value?

 A. In Voyant, the State Pension is automatically set to escalate by the higher of the National Average Earnings (NAE) rate set in Preferences, the Inflation rate set in Preferences, or 2.5% - the 'triple lock' - as we anticipate that the state pension forecast is usually quoted in 'present value' terms, meaning that it is expected to be inflated between now and the time at which it will be paid.

If you have a State Pension forecast quoted in 'future value' terms, i.e. it is the actual amount that will be received, you will need to calculate the 'present value' of the state pension using the higher of your NAE preference, Inflation preference or 2.5% and input that figure.