Local Government Pension Scheme

The lifetime allowance used to limit the amount of pension you could build up in UK pension schemes before you had to pay extra tax. From 6 April 2024, the lifetime allowance is no longer in force. What has replaced it? Two lump sum limits were introduced from 6 April...

Active pension accounts, deferred pensions and pensions in payment are adjusted each April in line with the cost of living. The increase is based on the September to September change in the Consumer Prices Index (CPI). The CPI increase for the year up to September 2023 was 6.7%. This means...

Your pension fund must provide you with an annual statement by 31 August every year if you are an active or deferred member. Your pension fund will most likely provide your statement by making it available on their online pension portal. If you have not been notified that your statement...

Pensions awareness week is taking place between 11 and 15 September. It’s a great reminder to think about how much income you’ll need in retirement, as well as how your LGPS pension works. Check out our short videos to learn about what a pension is, how your pension works, how...

If you are thinking about going on strike, it is important to consider how it will affect your pension. Your LGPS pension is based on your pay, and your pay will reduce if you are on strike. You can pay extra contributions to buy back the pension you ‘lose’. Read...