Split Deferred Calculator

A split deferred period is designed for situations where the amount your client gets paid from work reduces in stages. This calculator will help you to work out the maximum benefit your clients can apply for when selecting a split deferred period on our My Earnings products.

If you have any queries about the calculation, please refer to our Split Deferred Guide.

Information Needed

• Your client’s gross annual earnings.
• Your client’s sick pay arrangements - how long they receive full pay, how long they receive reduced pay and what percentage of earnings they receive when they’re on reduced pay.

Important Notes

• This calculator is for Financial Adviser use only and can only be used for our My Earnings products.
• The output is for illustrative purposes only and is based on the figures and information you provide. We accept no responsibility for errors, inaccuracies, omissions or inconsistencies in the output or for any decisions or actions taken as a result.
• Any continuing income and income protection benefit cannot exceed 65% of your client’s pre incapacity earnings.
• Benefit will be limited to a maximum of £4,333.33 per month.
• If your client’s sick pay arrangements don’t fit in with this calculator, please contact our Adviser Services Team.