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For members of the Local Government Pension Scheme in Scotland

Lifetime allowance quick check tool

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Overview

You can use this tool to estimate how much of the standard lifetime allowance your LGPS pension savings will use. The lifetime allowance is the total value of all pension benefits you can have without having to pay extra tax.

Each time you take payment of a pension, you use up a percentage of the lifetime allowance. The lifetime allowance is set by the Government and is currently £1,073,100. It covers pensions in all tax-registered pension schemes – not just the LGPS. However, it does not cover the state pension, a pension you have been awarded as part of a divorce or a dependents’ pension.


How this tool works


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Pension details

* Denotes a required field

Please enter a valid value for Yearly Pension.
? The amount of yearly pension at the date you want to test your lifetime allowance.
You have not entered a value for an automatic lump sum (payable in respect of membership before 1 April 2009) - please be sure this is correct.
? The amount of automatic lump sum at the date you want to test your lifetime allowance. You will only have an automatic lump sum if you were a member of the LGPS before 1 April 2009.
? If you pay AVCs enter the value of your AVC pot at the date you want to test your lifetime allowance. AVCs are extra payments to increase your future benefits. If you don't pay AVCs enter 0 in this field.

Results

Total value of pension benefits £
Percentage of standard lifetime allowance used %

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