Lifetime allowance charge

Joe had benefits valued at £2,500,000.00 on his 06 April 2020 crystallisation date
The lifetime allowance was £1,073,100.00
His excess benefits value was £1,426,900.00
Less the lifetime allowance charge of £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