Use this Commutation Slider Tool to find the perfect balance between income and lump sum.
This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. It is intended illustrative purposes only. It does not take account of individual circumstances, particularly if you:
- Are retiring due to ill health or redundancy
- Have a deferred pension
- Work part-time
- Have had a non pensionable break in service
Find out about all other pension schemes here.
IMPORTANT! This calculator makes standard assumptions to estimate your gross and net income and/or lump sum. There are many possible variables so for a definitive accuracy you must check your tax code with your tax office and always contact your force Pension department for a personal illustration before making any decisions around your retirement and pension.
Your take home pay:
Current Monthly Net Salary
Your Monthly Net Pension
Please make sure you are aware of the rules of your pension scheme and always contact your force Pension department for a personal illustration before making any decisions around your retirement and pension.
Date last updated: April 2021
If you would like to talk through your options, why not make an appointment to see an independent financial adviser?