Higher Tax Free Lump Sum calculator now available
As a member of the PCSPS(NI) arrangements you are entitled to (classic/classic plus), or can opt for (classic plus/premium/nuvos), a tax free lump sum on retirement subject to limits set by HMRC.
The maximum lump sum you can take will be increased from 1 October 2007. We have produced a calculator which shows the maximum lump sum for a given amount of pension and the effect that taking a lump sum would have on your remaining pension, for those taking their pension from 1 October 2007 onward.
You can access the calculator directly from here by following the link below.
The calculator is in Microsoft Excel, if you do not have MS Excel you can download a MS Excel viewer from here: Download Viewer
Find out more
To access further information on HTFLS please go to our recently created Higher Tax Free Lump Sums section.
