Benefits held in a defined benefit scheme and/or an ‘in payment money purchase in-house scheme pension’ and the value of their total pension benefits does not exceed the commutation limit of £30,000 in 2018/19, the benefits from these two schemes may be paid as a cash lump sum rather than as income.

• The total value of a member’s pension rights must not be above £30,000

• It is not tested against the LTA, but they must have some LTA remaining

• The payment is taxed as if it was an UFPLS