NHS Pension

Silvertabby

Moonwolf said:

Is the £30k limit on Trivial Commutation always true?  I have £73.99 a year in the 2008 section which would be less than £1500.  According to the NHS Pension guidance.

"Where the total value of a trivially commuted pension excluding any pension commencement lump sum does not exceed £10,000, the member may elect at awarding stage to trivially commute their pension. This is regardless of whether the capital value of all Trivial commutation factsheet (01.2019) V6 2 their pension benefits, including those outside the NHS Pension Scheme, is more than the commutation limit of £30,000."

I assume that for very small sums it is easier admin for everyone if they are commuted.  The costs of a £6 per month payroll has to be almost more than the benefit.

Different rules apply to de minimis trivial commutations (under £10K).