Pension lump sum withdrawal tax calculator

After retiring, people who are part of the 1995 Section get a lump sum automatically in addition to an annual pension. Also, they can dispense some of their annual NHS pensions to increase their lump sums. The first 25% of your pension value is tax-free and our Pension Lump Sum Calculator can help you to figure out the best balance between your annual pension and lump sum that suits you.

Our Pension Lump Sum Calculator is updated for the current tax years and will help you to determine the maximum pension amount you can dispense to increase your lump sum.