Firefighters’ Pension Scheme Circular 6/2011 introduced new uprated commutation factors, for the 1992 Firefighters’ Pension Scheme, implemented from 19 April 2011. In some circumstances an individual wishing to commute their annual pension may now incur a tax liability.
It is very important however that individuals check all their details before making any decision. Use this calculator to help. (Do not use this calculator unless you are retiring with a minimum of 30 years pensionable service or age 55.)
