Teachers’ Pensions Lump Sum Calculator (2026/27)

Plan your Teachers’ Pension

Stop guessing. Use our tools to project your income, calculate tax-free cash, and understand your options.

NEW Total Pension Projector
Combine Final Salary & CARE pots. Model McCloud, Phased Retirement & Salary Growth.
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Early Retirement
Phased Retirement
Updated for April 2026: Swap part of your pension for a tax-free cash lump sum at the standard **12:1 exchange rate**. We automatically apply the 2026 **Lump Sum Allowance (LSA)** cap of £268,275.
Tip: Use the "Final Pension" figure from our 2026 Total Projector for the most accurate results including revaluation.

1. Enter Pensions at Retirement (Annual £)

Includes an automatic 3× lump sum. (NPA 60 service).
NPA 65 service. No auto-cash; must use commutation.
Modern Career Average section. Commutation allowed.
Current 2026/27 Limit: £268,275.

2. Choose Cash Option

This is in addition to any automatic 1/80ths cash.
We will maximize cash while keeping your pension at this level.
Plan your full retirement

Taking a lump sum is a one-way choice. Use our **Total Projector** to see how these cash options interact with **Early Retirement** or **Salary Growth**.

Launch Full 2026 Projector Back to Hub

Frequently Asked Questions (2026/27)

This is the rate at which you trade annual income for cash. For every £1 of annual pension you give up, you get £12 of tax-free cash. This rate is fixed by the Teachers' Pension Scheme.

The LSA replaced the Lifetime Allowance in 2024. In 2026/27, the standard limit is £268,275. This is the total amount of tax-free cash you can take across all your pension schemes in your lifetime.

No. Survivor benefits and family pensions are calculated based on your "gross" pension before you exchanged any of it for a lump sum.