Private pension options and Pension Credit

Apologies if this has been asked before. I have a client due to reach retirement age. He has 3 private pensions but under the new rules can choose how he takes the money i.e. all as a lump sum, lump sum + monthly payment, just a monthly payment or not take it at all. How is this flexibility calculated for Pension Credit purposes?

It’s a bit old now but in essence the situation is the same, so have a look at https://benefitsinthefuture.com/notional-income-from-pension-pots/

Thank you Gareth.

We;ve got a factsheet about this, see section 6 of Pension freedom and benefits

Thanks Paul. I thought I’d seen a factsheet about it but couldn’t think from where.