Lifetime allowance

Last edited: May 13, 2026 Published: May 13, 2026

Guidance on the calculation of the capital value of a member’s LGPS benefits in order to compare the capital value against the member’s lifetime allowance and to make adjustments where relevant.

Dated
Operative date
Document(s)Extant?
26 February 201528 July 2023Guidance
Factor spreadsheet 2023-04b
Transitional measures
Yes
26 February 20151 April 2015Guidance
Factor spreadsheet version 200811 (dated 28 July 2021)
No unless transitional measures apply

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