Local Government Pension Scheme

Both you and your employer pay contributions to pay for your LGPS pension. How much you pay depends on how much you earn. You will pay between 5.5% and 12.5% of your pensionable pay. Every April your employer will decide your contribution rate. If you have more than one job,...

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. You may be eligible even if...

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...

If you are on strike, your LGPS pension will be affected. 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 the Strike action and your pension FAQs to...