What should I do if I think I might be affected?

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Before taking any action to reduce your pension liabilities, you should always seek independent financial advice from an adviser registered with the Financial Conduct Authority. MoneyHelper can help you choose a financial adviser.
 
You may also wish to consider:
 
  • Exchanging annual pension for lump sum at retirement can reduce the capital value of your LGPS benefits
  • If you wish to slow down your pension build-up, joining the 50/50 section of the LGPS allows you to pay half your normal contributions to build up half your normal pension. You would retain full ill health and life cover.
  • If you opt out of the LGPS with a right to a deferred benefit, you will not be able to combine those benefits with your new pension account if you re-join the LGPS.
 
Please contact us if you any questions about your LGPS membership or benefits.