Final Salary Pension Lump Sum Calculator
Final Salary Pension Lump Sum Calculator . For example, with a commutation factor of 16, you would sacrifice £1,000 worth of income for every £16,000 you received as a lump sum. This minimum age will be increasing to 57 in line with the increase in state pension age of 67 between. CETV Calculator & Final Salary Pension Calculator Defined Benefit from www.2020financial.co.uk The pension commutation calculator shows, for members of the nhs pension scheme (amended april 2008) only, what they will receive if they. Please select your accrual rate below. As an example, if your final salary counted for the scheme was £30,000 and you have 10 years of service contributing to that scheme with a scheme accrual rate of 1/60 then you can expect an annual income (pension) of £5,000 (guaranteed income).