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Data protection privacy notice
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News
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New Global Sustainable Equities Active Fund Launched by LGPS Central
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Thinking about opting out of the LGPS?
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50/50 section
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Annual allowance and lifetime allowance changes
Changes to pensions tax limits were announced in the Chancellor’s Spring budget on 15 March 2023. They affect the two main allowances for pension savings – a lifetime allowance and an annual allowance. These allowances are the amount of pension savings you can build up without having to pay a tax charge. If you go over these limits, you may have to pay tax. The annual allowance is set by HMRC, and; in the LGPS; it is the maximum your pensions savings can increase by in a tax year before you receive a tax charge. In 2022/2023 the annual allowance was £40,000. From 6 April 2023, the annual allowance will increase to £60,000. Alongside this, the money purchase annual allowance will also increase from £4,000 to £10,000. Changes will also be made to the tapered annual allowance, with the adjusted income level increasing from £240,000 to £260,000 and the minimum tapered annual allowance increasing from £4,000 to £10,000. The lifetime allowance is the total value of all the pension benefits you can have; not including your state pension, pension credit, or any partner’s or dependant pension you may be entitled to; without triggering a tax charge. The lifetime allowance is to be removed from April 2024 and the charge for exceeding it will be zero in tax year 2023/2024. If you plan to retire, as of 6 April you will not be subject to a lifetime allowance tax-charge. Any excess over the lifetime allowance limit will be taxed at the usual rate. We recommend seeking financial advice if you feel you have been affected as there have been changes to rules regarding protections. See our Quick guide to budget changes for members of the Local Government Pension Scheme.
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One in four at risk of pension scams
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Local Government’s financial position and your LGPS pension
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The Government launches digital service to help boost state pension.
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Climate Change Strategy updated for 2024
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Devastated pension fraud victim tells her story of being scammed out of £45,000
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Register your 'My Pension Online' account Now
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Employee Contribution Bands – 2025-2026
The LGPS have released the 2025-2026 employee contribution bands for England and Wales, which will be effective from 1 April 2025.
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Pensions increase
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The LGPS and the McCloud remedy – Webinar
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InTouch Spring 2025 now available to read online
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Deferred Annual Benefit Statements 2025
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Active Members Annual Benefit Statements 2025
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PAW 2025: Recordings and FAQs now available!
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Autumn InTouch 2025 now available!
Autumn InTouch 2025 now available!
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Government Consultation – Scheme improvements (access and protections)
Find out about the LGPS Scheme Improvements consultation and how to respond before 22 December 2025.
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Annual Report and Accounts 2024/2025 - Now available
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Contributing member
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How is my LGPS pension worked out?
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'My Pension Online' frequently asked questions
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What will I pay?
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Can I pay less?
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Can I pay more?
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Absence and pensions contributions
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Transferring benefits into the LGPS
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Death of an active member
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Leaving the scheme or thinking of retiring?
Explore Leaving the scheme or thinking of retiring?
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Latest newsletters
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TUPE transfer process
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Pension and divorce
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Tax and pension benefits
Explore Tax and pension benefits
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Pensions Awareness Week 2025
To celebrate Pensions Awareness Week, we’re teaming up with Clwyd and Oxfordshire Pension Funds, to bring you a series of free, live online presentations to help you better understand your pension and the Local Government Pension Scheme. Join us and take charge of your future now!
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Deferred member
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How are deferred benefits worked out?
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Transferring benefits out of the LGPS
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When can I take my deferred benefits?
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Death of a deferred member
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Latest newsletters
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Receiving a pension
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Thinking of joining?
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Forms and guides
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General information
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Contact the pensions team
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Pensions and divorce
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Returning forms
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Tax and pension benefits
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Glossary
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Useful information and organisations
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Pensions made simple: members videos
Explore Pensions made simple: members videos
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About us
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Employer
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Becoming an employer or existing employer letting a contract
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Employer's guide
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Introduction and overview of employer responsibilities
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Dealing with absences
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Managing employer and member contributions
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Changes affecting scheme members
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Changes in employment
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Processing leavers and retirements
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Scheme leavers before retirement
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Death in service
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Normal retirement
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Early retirement
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Flexible retirement
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Redundancy and efficiency retirements
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Ill-health retirement for active members
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Ill-health retirement for deferred members
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Requesting information
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Making a decision and appeals
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Transfer of staff
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Employer webinars
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Employer meetings
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Forms and guidance library
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Data protection
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Employer news
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SAB survey thanks to employers
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Pensions Dashboards data reminder
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Audit informer document
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ESFA as Guarantor of Academy Schools
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Payroll guide for AVCs
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Benefits of Pensions Dashboards
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Have you informed us about flexible retirement
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Opting out of the LGPS
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Dealing with absences
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Employee Contribution Bands – 2024/2025
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Ill health retirements - a reminder
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Change to strain factors used in early retirement calculations- August 2023
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Annual allowance and lifetime allowance changes
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Guidance on special severance payments
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Payroll and HR guides updated
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Are you thinking about outsourcing?
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GDPR documents updated again
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Dealing with employee absences
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LGPS 'Access and fairness' consultation is now open!
Have your say: Take part and share your views on fairness and access to the LGPS
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Data Cleansing
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Employee's 2025 Annual Benefit Statements now available
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Important Update: Normal Minimum Pension Age (NMPA) Is Changing
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REMINDER Employee's annual benefit statements are now available
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Valuation Timetable and Policy Updates
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Closure of Payroll Records for Inactive Casual Employees who are members of the LGPS
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Updates from Prudential
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Annual Report and Accounts 2024/2025 - Now available
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Employer contact us form
Employers can contact our pension team using our online form. Get help with leavers, retirements or find key forms and guides. Our team responds within 10 days.
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Investments
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Governance
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Investment management arrangements
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Investment performance
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Investment Strategy Statement
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Climate change
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Task Force on Climate-related Financial Disclosures (TCFD)
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Responsible investment
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Investment pooling - LGPS Central
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Stewardship code
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Risk management
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Equity holdings
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Voting
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Frequently asked questions
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McCloud
