Buy Extra Pension - Get a Quote

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To get a quote enter the details for calculation below then choose your payment method - EITHER regular payments OR a one off lump sum. For your chosen method enter EITHER (a) the extra annual pension you wish to buy OR (b) the amount that you can afford to pay. DO NOT ENTER BOTH. If you choose regular payments please also enter the number of years over which you wish to pay APCs and your pay frequency.
Details for calculation
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1. Gender
2. Date of Birth
3. Section of scheme
4. Percentage your employer has agreed to pay %
Regular Payments

OR

Lump Sum Payment
5(a). Pension £ OR field help 8(a). Pension £ OR
5(b). Amount £ 8(b). Lump Sum £
6. Pay frequency 9. Payment method
7. Years (whole)
ERRORS/WARNINGS:

Errors below must be cleared before a quote can be obtained
Results
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Your Normal Pension Age (NPA) 65

Total extra pension to be bought

£

Years of agreement
Pension added to account each year of agreement £
Gross total cost of pension being bought£
Cost to employer£

Cost to member before tax relief

£

Based on a gross cost of £ per £100 of extra pension

Buy Extra Pension - Apply

To apply for an extra pension APC based on the quote above complete the personal details below, check the box to confirm you have read the terms and conditions then print and send your application form
Personal details
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10. Full name
11. National Insurance Number
12. Employer
13(a). Payroll Number
13(b). Job Title
14. Your email (optional)
APPLICATION
Please check the box to confirm that the information entered is correct and that you have read and understood the terms and conditions for additional pension applications (not required for quotes)

To enter a digital signature and date click on 'sign and download application'. To enter a hand written signature and date click on 'print application' to download and print a PDF version. Once completed send the application form to your pension fund.

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Help for Personal details

1.Gender

It is important this is completed correctly as the cost factors used are gender specific

2.Date of Birth

You must be between 16 and 74 to be in the LGPS. Enter a date in the format dd mm yyyy

3.Section of scheme

Select the section of the scheme you are in. APCs can only be used to buy extra pension by members in the main section

4.Employer share of cost

Your employer may have a policy to share some of the cost of purchasing extra pension with you. Note this is not the same as the share your employer must pay toward lost pension which is set out in regulation. If your employer has agreed to share the cost of the purchase you MUST obtain written confirmation and submit it with your application
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Help for Regular or Lump Sum Payment

Note that regular payments are only available for applicants who are more than 1 year from their SPA


5(a).Pension

Please enter the amount of pension you would like to purchase by regular contributions up to a maximum of £7316 OR

5(b).Amount

Please enter the amount of regular contributions you would like to pay in order to purchase extra pension - do not complete if you have completed field 5(a)

6.Pay frequency

Please enter the frequency of your pay which will also be the frequency of your payments. If you are not paid monthly, weekly or four weekly please contact your pension fund

7.Years

Please enter the number of whole years you wish to make payments over. The maximum number of years is equal to the number of complete years between your payments starting and your SPA

8(a).Pension

Please enter the amount of pension you would like to purchase by lump sum up to a maximum of £7316 OR

8(b).Lump Sum

Please enter the amount of lump sum you would like to pay in order to purchase extra pension - do not complete if you have completed field 8(a)

9.Payment method

Please state if you would like the lump sum amount to be deducted from your pay (payroll) or invoiced to you (direct)
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Help for Results

Normal Pension Age (NPA)

This is the greater of age 65 or your individual State Pension Age (SPA) under current proposals

Total extra pension to be bought

This is the total annual pension you have entered in fields 5(a) or 8(a) or can be purchased by the amounts entered in field 5(b) (over the number of years in field 7) or field 8(b)

Years of agreement

The number of years entered in field 7 over which the regular purchase agreement will run

Pension added to account each year of agreement

If you have chosen regular payments this is the amount of extra pension added to your pension account in each year of the agreement. So for example if you are buying £1000 annual pension over 10 years then £100 would be added to your pension account each year

Gross total cost of pension being purchased

This is the total regular cost per pay period (monthly, weekly or four weekly) or lump sum cost of purchasing the total extra pension shown above including any employer share

Cost to employer

This is the regular cost per pay period (monthly, weekly or four weekly) or lump sum cost to be met by the employer. You MUST obtain written confirmation of your employers agreement to share the cost prior to any application

Gross cost to member before tax relief

This is the regular cost per pay period (monthly. weekly or four weekly) or lump sum cost to you payable either as a deduction from your pay or directly to your pension provider upon receipt of an invoice depending on the method chosen. Payments are subject to tax relief at your marginal rate. If deductions are made from payroll tax relief will be calculated and applied by your employer. If by direct lump sum you will need to claim the tax relief yourself.

Gross cost per £250 of pension

This is the regular cost per pay period (monthly, weekly or four weekly) or lump sum cost per £250 of pension to be purchased for someone of your gender, age and SPA
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Help for Personal details

10. Full Name

Please enter your full name

11.National Insurance Number

Please enter a valid NI Number in the format aa123456a

12.Employer

Please enter the name of your LGPS Scheme employer

13(a).Payroll Number

Use this and field 13(b) to uniquely identify this post from any others you may have

13(b).Job Title

If you wish to purchase extra pension against multiple posts you will need to complete an application for each post

14.Email address

Please enter your email address in a valid format.