> Lifetime allowance frozen until 2026
In the spring budget the Chancellor, Rishi Sunak, announced that the pensions lifetime allowance will be frozen at £1,073,100 until April 2026. You can find more information about the lifetime allowance on the tax controls and your pension page.
> Public sector exit cap no longer applies
The Government has confirmed that the public sector exit cap will not apply to exits from 12 February 2021....
> Pensions in payment to increase by 0.5%
Your LGPS pension is adjusted each April in line with the cost of living. The increase that will be applied from 12 April 2021 is 0.5%. See how your pension increases for more information.
> Age discrimination court case and the LGPS
The Government has confirmed there will be changes to all main public service pension schemes, including the LGPS, as a result of the Court of Appeal’s ruling in the McCloud court case.
> COVID-19 and the LGPS
The coronavirus (COVID-19) is affecting the UK workforce, with many workers absent due to sickness or self-isolation. Your local LGPS fund is working hard to continue providing a service to you whilst monitoring the latest advice from the Government to protect their staff. Read the LGPS member FAQs for information about how your pension and the service provided by your fund might be affected.