This news article was published on 04 Dec 2024
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...
This news article was published on 05 Nov 2024
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...
This news article was published on 16 Oct 2024
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...
This news article was published on 16 Oct 2024
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 2024 was 1.7%. This means...
This news article was published on 09 Sep 2024
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...
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