I saw comments on another thread about how payments under AFCS compare (unfavourably) to civvie payouts, but I haven't seen how the value if the GIP is reflected in those comparisons. If an afflicted civvie was to buy an annuity to provide an income on a par with a GIP, how big a pot would be needed? I couln't find a tool for doing it that way round on the Internet, so I tried to work it out myself: Taking as a baseline a GIP of Â£25,000, I first grossed this up to allow for the tax a non-AFCS recipient would have to pay, taking it roughly to Â£30,000 (but should more be allowed to hedge against changes to tax regime?) Then I guessed a remaining life expectancy of 45 years. That would make the total payout Â£1,350,000. Then I allowed for the value of index-linking - again could't find a predictor for that, so did straight compound interest at 2% pa. That brings the total to Â£3,291,103. Now that might not be the actual cost of buying the annuity - a firm, if it took the business at all, might drop the cost if it thought it could invest the pot. And secure a return consistently at or above RPI. Is that likely? The buyer of said annuity would also have to factor in the risk that a private company could go bust or be forced to reduce payouts - and face the lengthy stress of sorting it out (a la Pru). Does anyone know a better way of assessing the value of a GIP? Is there any appetite to give a cash sum instead?