The new State Pension and changes to National Insurance contributions from April 2016
A new single tier, flat rate State Pension is being introduced for people who reach State Pension Age on or after 6 April 2016. The new State Pension will replace the existing basic and additional State Pension.
As a member of the LGPS you are currently ‘contracted out’ of the additional State Pension. This means that most members of the LGPS are currently paying a lower amount of National Insurance contributions - the current National Insurance rebate is 1.4% of pay between certain thresholds.
From 6 April 2016 you will no longer receive this National Insurance rebate which means you will start to pay a higher amount of National Insurance contributions.
You can also read more information about these changes, including a series of 'Questions and Answers for LGPS members' here.