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Sarah has some membership both before and after 1 April 2008...
If Sarah retires in 2026, she will have built up the following membership:
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Membership before 1 April 2008 |
20 years |
Membership from
1 April 2008: |
18 years |
Based on her current pay of £100,000 her standard benefits package will be...
Pension: |
£55,000 |
Lump sum: |
£75,000 |
Here’s how we will work out the value of her pension pot:
£55,000 Pension x 20: |
£1,100,000 |
Lump sum: |
£75,000 |
TOTAL: |
£1,175,000 |
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So based on the current lifetime allowance, Sarah is within the limit.
 More about the lifetime allowance
Working out benefits in general
More about the annual allowance
 Back
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