Website News 2016

If you left the LGPS with a deferred pension on or after 1 April 2015 your 2016 Deferred Members' Annual Benefit Statement is available

Members who left the LGPS with a deferred pension on or after 1 April 2015, can now view their 2016 Deferred Members' Annual Benefit Statement by logging into their MyPension account.

Registering for 'MyPension'

From 2016, annual benefit statements will no longer be posted to members’ home addresses. Instead, at the end of August 2016, registered users of Merseyside Pension Fund’s 'MyPension' service, will be able to view their 2016 annual benefit statement online.

P60 certificates will be posted to LGPS pensioners in early May

Merseyside Pension Fund will shortly issue a P60 certificate to everyone who received a pension from us in the 2015/2016 tax year.

The P60 is a summary of your pension and tax details for the 2015/2016 tax year which ended on 5 April 2016, and will make up the lower half of the payslip which will be posted to you in early May.

The Guides to the LGPS are updated

Merseyside Pension Fund has published updated versions of its main information guides for members of the Local Government Pension Scheme.

The guides have been updated to reflect; the 'Ending of contracting out', changes to automatic enrolment, changes to the lifetime and annual allowances and the change to the APC limit from 1 April 2016

The New State Pension and National Insurance changes from 6 April 2016

Merseyside Pension Fund will shortly write to the home addresses of all active members of the Local Government Pension Scheme (LGPS) who will reach State Pension Age after 5 April 2016, describing how the new single-tier State Pension will replace the basic and additional State Pension from 6 April 2016.

Member contribution pay bands and contribution rates won't be altered in April 2016

The government has confirmed that the employee contribution banding table for the 2016/2017 won't alter from that in operation in 2015/2016.

Consequently, the pay bands for each of the nine contribution rates which applied in the main and 50/50 sections of the LGPS between 1 April 2015 and 31 March 2016, will continue to operate between 1 April 2016 and 31 March 2017.

'The Honeypot' newsletter for 2016 has been published

The Fund has published its annual newsletter for LGPS pensioners, ‘The Honeypot’. This issue's leading article describes why there will be no increase to your local government pension in April 2016.

A printed copy of this newsletter, will be posted to each pensioner's home address shortly.

 Download 'The Honeypot 13' (February 2016, PDF, 4 pages, 227KB)

Factsheets published about changes to the Annual and Lifetime Allowances from 6 April 2016

In his Summer Budget on 8 July 2015, the Chancellor announced significant changes to the tax controls on LGPS pension savings for high earners which will come into effect on 6 April 2016.

The Fund has published two factsheets and supplemental notes about these changes to both the Annual and Lifetime Allowances and associated protections for those members who may be affected.