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For members of the Local Government Pension Scheme in England and Wales

Maximum AVC lump sum calculator

25%

Overview

If you have an AVC fund, you can take some or all of it as a tax-free lump sum when you take your LGPS pension.

Taking your AVC as tax-free cash may not be the right choice for you. You could use it to provide regular monthly income. You may not be able to take your whole AVC fund as tax-free cash. See Taking your pension and paying extra - This link opens in a new browser window to find out about the different ways you can use your AVC fund.

Use this calculator to find out the maximum AVC fund value that you could take as tax-free cash.


How this tool works


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Pension details

* required field

Please enter a valid value for Yearly Pension.
? The value of your pension at the date you want to take it.
? The value of your automatic lump sum at the date you want to take it. You will only have an automatic lump sum if you were a member of the LGPS before 1 April 2008.
100%

Next steps

There are different ways you can use your AVC fund. Taking a tax-free lump sum will not be the best option for everyone. You may want to take financial advice before you make a decision.


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