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UK · 2026/27

Pension Lump Sum Calculator

Estimate a UK pension lump sum: 25% tax-free up to the remaining lump sum allowance (£268,275 standard), with tax on the rest at the rate you enter.

Source: GOV.UK — pension lump sum allowance
Pension Lump Sum Calculator · UKTax & Salary

Results update when you select Calculate.

Example result based on the prefilled values.

Calculation results
ResultValue
Tax-free

£50,000.00

Taxable

£150,000.00

Tax

£30,000.00

Net lump sum

£170,000.00

Continue your plan

Useful next calculations

Related to this calculation

Rates & sources2026/27

Usually 25% of a crystallised amount is tax-free, limited by the remaining lump sum allowance (standard £268,275).

Rates used for 2026/27
Band / figureRate
Usual tax-free proportion25%
Standard lump sum allowance£268,275

Source: GOV.UK — pension lump sum allowance — source checked for 2026/27.

When to use this calculator

  • Before accepting a pay change, bonus, pension contribution, or salary-sacrifice option.
  • When you want to compare employed, self-employed, or dividend-based income scenarios.
  • When you need a simple take-home estimate before running payroll or filing returns.
  • When you are approaching the £100,000 income level and want to understand the personal allowance taper effect.
  • When you are planning a salary sacrifice arrangement and need to see the net pay impact before agreeing terms.

A realistic UK planning example

Use these sample inputs as a quick scenario test, then change one variable at a time to compare outcomes.

A realistic UK planning example
InputValue
Amount crystallised (£)200000
Remaining lump sum allowance (£)Enter your own figure
Tax rate on taxable lump sum (%)5%

After entering these figures, review tax-free, taxable and tax together rather than in isolation — each metric tells a different part of the story. Then rerun the tool with one input adjusted to see which variable has the biggest effect on all three outputs before you settle on a plan.

How to read your results

Tax-free

Review this figure alongside your gross income so you can understand the true cost of deductions and plan around any thresholds before the tax year closes. If the figure looks higher than expected, check whether any pension or gift-aid contributions could reduce your taxable income.

Taxable

Review this figure alongside your gross income so you can understand the true cost of deductions and plan around any thresholds before the tax year closes. If the figure looks higher than expected, check whether any pension or gift-aid contributions could reduce your taxable income.

Tax

Review this figure alongside your gross income so you can understand the true cost of deductions and plan around any thresholds before the tax year closes. If the figure looks higher than expected, check whether any pension or gift-aid contributions could reduce your taxable income.

Net lump sum

Use this metric to compare scenarios side by side and understand how changes in the key inputs drive the final outcome. If the figure surprises you, isolate one variable at a time and rerun the calculation to identify which assumption is responsible.

Method & assumptionsAuthoritative sources

When you crystallise defined-contribution pension rights, up to 25% is usually tax-free, capped by your remaining lump sum allowance. The standard LSA is £268,275 unless you have a protected higher amount. The rest of the crystallised amount is taxable income at the rate you enter.

This does not model MPAA, lump sum and death benefit allowance, scheme-specific protections, or PAYE emergency tax on a first payment. Confirm remaining allowances with your scheme. Source: GOV.UK tax on your private pension — lump sum allowance.

Common mistakes

  • !Entering gross income when you really want take-home pay, or vice versa.
  • !Ignoring pension contributions, deductions, or local tax rules that change the result.
  • !Comparing monthly and annual figures without standardising them first.
  • !Overlooking the National Insurance threshold changes that apply mid-year when rates or bands are adjusted in a Budget.
  • !Assuming a salary sacrifice benefit reduces take-home pay by the full gross amount, rather than only the after-tax cost.

What to do next

  • Check the same scenario with related pay or deduction calculators to see the full picture.
  • Keep a copy of the assumptions you used so you can compare next tax year or pay period accurately.
  • Read the related guides below if you are choosing between multiple income or deduction options.
  • If you are self-employed, run the self-employment tax calculator alongside this result to compare the net position against employed income.
  • Check whether increasing your pension contribution by even one or two percent changes the take-home significantly — use the pension calculator next.

Frequently asked

The standard lump sum allowance is £268,275. Tax-free cash from crystallisations counts towards it. Enter a lower remaining figure if you have already taken tax-free cash.

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