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Working out your maximum lump sum

If you know the value of your standard pension benefits, you can use this modeller to give you an idea of your maximum lump sum, under HMRC rules.

Please only use this as a guide, and please be aware that you will not be able to take as much tax free cash in our scheme, if you also have tax free cash from other pension schemes. The modeller does not take account of any AVCs you have with us. You can take some or all of these as tax free cash, and we will let you know how much as you approach retirement.

If you are intending to retire (last day of service) on 31/03 you are unable to obtain figures using this calculator. Please contact either your employer or the GMPF Helpline to request an estimate.

Mandatory fields are identified in bold

Enter your pension and standard lump sum (if you have one) into the first 2 boxes:

£

Please enter a standard pension
Please enter a valid cash value for standard pension

£

Please enter a standard lump sum
Please enter a valid cash value for standard lump sum

Maximum pension you can give up:

Extra lump sum created:

Your maximum lump sum package:

New pension:

Maximum tax free lump sum:

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