Percentage of LTA - NHS Pension

Moonwolf

I have already retired but I couldn’t claim my 1995 early as I left the scheme before 2008. All later payments were after a more than 5 year break and into the new scheme.

I’m now completing the AW8P to apply for my 1995 NHS pension (and possibly the others, still dither) at 60 later this year.

I have already accessed a DB pension flexibly.

The following question is challenging me although I don’t think I will be bothering HMRC but I don’t want to get it wrong and delay the pension or have them treat me as breaching the LTA as they put it - as the form is the most current dated March this year, I assume the underlying issue is tax free lump sum limits, but given it is bureaucracy I’ll answer as asked.

4.2 I have accessed a pot so yes to that irrespective of the £35k per year. Technically, with flexible drawdown I’ll be over £35k in private pensions until I reach 67, then I won’t in today’s money.

4.3 After 2006 so yes to that.

but then the part of the question on percentage of LTA - the notes imply crystallised benefits only, so as I am doing this flexibly, so far I have drawdown £9,000 but there is another £10k in my drawdown pot and I expect to have drawn down closer to £27,000 by the time the NHS pension comes into payment.  Or have I misread and I should quote my entire £384k DC pot.

As the NHS pensions will be less than 25k a year, I will be under the old and not relevant LTA and certainly under the TFLS £268,276. I’ll only take £16K tax free from my NHS pensions, the minimum.

do I put something like 3.35% or 35.78%?

Thanks