9 to 13 September 2024 is Pensions Awareness Week. This is a great opportunity to think about how much income you will need in retirement. Your LGPS pension could play a big part in reaching your goals. Finding out more about how your LGPS pension works will help you to plan for the retirement you want.
Check out our bitesize videos to learn about what a pension is, how your LGPS pension works, paying more or less into your LGPS pension, when you can take your pension and much more! Check your pension fund’s website to see if they are holding any special events for LGPS members this week.
If you are an active or deferred member of the LGPS who joined the Scheme before 1 April 2024, your fund should have given you your annual benefit statement before the end of August. They may have uploaded it to a secure online portal. If your pension fund has not told you that the statement is available online and you have not received a copy in the post, contact your pension fund to find out why. Check your statement to make sure the details are correct and to see if your retirement plans are on track.
Try our Tools and calculators to find out more about how the Scheme works, how your pension will grow and your options as an LGPS member. We have calculators for your LGPS pension build up, how much you will pay, paying extra and taking a lump sum.
Pay Your Pension Some Attention with these 5 top tips from Iona Bain (youtube.com)