Lifetime allowance charge

Joe had benefits valued at £ 2,500,000.00 on his 06 April 2021 crystallisation date
The lifetime allowance was £ 1,073,100.00
His excess benefits value was £ 1,426,900.00
The lifetime allowance charge was £ 784,795.00 being £ 1,426,900.00 times 55 percent
Giving a net excess benefits value of £ 642,105.00
His tax-free lump sum was £ 268,275.00 being £ 1,073,100.00 times 25 percent
Plus his net excess benefits value of £ 642,105.00
Gave him a total lump sum of £ 910,380.00
His remaining benefits was for income was £ 804,825.00 being £ 1,073,100.00 less £ 268,275.00