Pension Commutation Calculator
Calculator for modelling the conversion of pension to additional lump sum
Step 1: Enter the standard pension and lump sum (this is the gross pension before any income tax is deducted)
Standard pension:
Standard lump sum:
Step 2 (optional): Click 'Calculate' to see the maximum additional lump sum allowed
Maximum additional lump sum:
Pension required to be given up:
Step 3: Choose from the following
Specify the amount of gross additional lump sum you would like to take
Specify the annual amount of gross pension you wish to give up for additional lump sum
Step 4: Enter the appropriate amount and click 'Model' to see the effect on your pension and lump sum
Additional lump sum required:
Pension to be given up:
Results:
Reduced pension:
Total lump sum:
NHS Pension Scheme Members Association - Chairman Dr. R. Vartikovski