Question of the Month | Shropshire County Pension fund

Shropshire County Pension fund

Taking care of your Local Government Pension in Shropshire

Question of the Month

Posted on by Admin-2

Can I take some tax free cash from my Local Government Pension Scheme (LGPS) pension before I retire?

You may have heard about changes in the law allowing people over the age of 55 to access their defined contribution scheme pension benefits and take some tax free cash before retirement. These changes are often referred to as Freedom and Choice.

The Freedom of Choice changes do not apply to the LGPS as it is a defined benefit scheme.

A Q&A leaflet is available to read which provides further information about Freedom and Choice.

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