Local Government Pension Scheme

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 adjustment to the Consumer Prices Index (CPI). The CPI index for the year up to September 2024 was 1.7%. This means...

Thousands of LGPS members are protected by the McCloud remedy, but do you know what it will mean for you? We have teamed up with the financial wellbeing and retirement specialists at Affinity Connect to deliver free McCloud webinars to LGPS members. The online webinars will be a great opportunity...

The start of a new year is a great time to take a look at your finances. High inflation in recent years means that your money may not stretch as far as it used to. You might be thinking about paying extra now to increase your income in later life....

Pension Credit provides extra income for people over State Pension Age on lower incomes. It is estimated that up to 880,000 pensioners are missing out on Pension Credit because they think it isn’t meant for them. Pension Credit can be worth up to £3,900 a year and you may be eligible even...

The Chancellor delivered the new Government’s first Budget on Wednesday 30 October 2024. Before the Budget, there had been rumours that it would include changes to pension tax relief, reduce the amount of tax-free cash available on retirement or introduce employer national insurance on pension contributions. None of these changes...