Your pension contribution is 6% of the pay you receive. As the Local Government Pension Scheme (LGPS) is set up by Statute, the payment of the benefits is guaranteed by law.
You will receive tax relief on the pension scheme contributions that you pay – these will be deducted from your allowances before you pay tax.
The Council then pays the balance of the cost of providing you with these pension scheme benefits, after taking into account investment returns. The pension contributions are reviewed by an Independent Actuary every three years, and calculates how much the Council should contribute to the Scheme.
Money Advice Service
An impartial service, set up by the Government to give free and unbiased advice. You’ll find some great budget planners and other tools.
Got a question?
Request a document in an accessible format.