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Document How do I work out the capital value of my pension for Lifetime Allowance purposes?

The formula you can use to work out the capital value of your NHS Pension benefits for Lifetime Allowance (LTA) purposes is as follows:
 
1995 Section: For NHS Pension Scheme the capital value = Annual pension x 20 + lump sum.
 
2008 Section: For NHS Pension Scheme the capital value = Annual pension x 20 + any commuted lump sum (if you choose to have a lump sum).

2015 Scheme: For NHS Pension Scheme the capital value = Annual pension x 20 + any commuted lump sum (if you choose to have a lump sum).
 
If you have membership in more than one Section/Scheme you should use the separate pension and lump sum in each one to work out the capital value using the relevant formula for that Section/Scheme.

Note: If you opted to move into the 2008 Section via Choice, you must take a mandatory lump sum for pension accrued up to 31 March 2008, however HMRC have confirmed that the mandatory lump sum should not be included in the capital value calculation. 

More information on Lifetime Allowance can be found on the NHS Pensions website.
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capital value, capital value calculation

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