Can I withdraw my TPS pension as an active USS member

TPSdUSSa

https://forums.moneysavingexpert.com/discussion/comment/81907618#Comment_81907618

Yes, in TPS, option 1 is taking all pensions as a final salary DB scheme NPA 60 - this is what you said, take it all in one go. This is the route I will choose. 

Thank you so much for the link to the recycling rules. It is really helpful. 

I am trying to write down my understanding. 

If I calculate backwards, assume the tax-free LS = £45000. 

30% of LS =£13500, which is the maximum cumulative increase of additional contribution over the 5-year window (from 2 years before the tax year when the LS is received to 2 years after), i.e., on average £2700 per year. 

The key year is the 3rd year before the LS year. 

If I plan to take the LS in 2028/29, the contribution in 2025/26 will be used as the baseline to calculate the increase. 

Is my understanding correct? Please, if anyone could confirm or correct my calculations. Many thanks in advance.