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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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LGA updates the Brief Scheme Guide
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50/50 section
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New climate risk report published
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Employee contribution bands 2023/2024
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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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Employee Contribution Bands – 2024/2025
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InTouch Spring Edition 2024 – Available now
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The Government launches digital service to help boost state pension.
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Deferred Annual Benefit Statements 2024
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Climate Change Strategy updated for 2024
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Active Annual Benefit Statements 2024
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New Look InTouch Autumn 2024 now available
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Devastated pension fraud victim tells her story of being scammed out of £45,000
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Update 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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Annual Report 2023/24 available now
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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?
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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
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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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General information
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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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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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Pensions Dashboard: Reminder that data matters
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Gender pensions gap research – call for volunteers
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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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McCloud update August 2023
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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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Employee contribution bands 2023/2024
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LGPS Statistics for 2021/2022
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Funding Strategy Statement Consultation 2022
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Employers Meeting 2022 – Valuation
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Reminder about inducement to opt out
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LGA updates the Brief Scheme Guide
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Guidance on special severance payments
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Payroll and HR guides updated
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Making a pensions decision? Let us know
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The McCloud remedy – an update
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Are you thinking about outsourcing?
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GDPR documents updated again
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Independent Registered Medical Practitioners (IRMPs) (1)
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Dealing with employee absences
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GDPR documents updated
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Change to strain factors used in early retirement calculations
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HM Treasury cost control mechanism and discount rate methodology consultations
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MHCLG consultation on special severance payments
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McCloud remedy - latest position June 2021
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Policy and Independent Registered Medical Practitioners updates
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Thank you for attending our Employers Meeting 2024 - Your feedback matters!
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Investments
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Governance
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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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Voting
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Frequently asked questions
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McCloud
