The 2023/24 P60 End of Tax Year Certificate is a summary of pension and tax paid for the year ending 5 April 2024, and will make up the lower half of the May 2024 payslip which will be posted to pensioners' home addresses in early May.
New employee pay bands and contribution rates will operate in the LGPS from 1 April 2024 onwards.
The Fund has published its annual newsletter for LGPS pensioners, ‘The Honeypot’. This issue's leading article describes the 6.7% increase to local government pensions from 8 April 2024. A printed copy of this newsletter will be posted to pensioners very shortly.
Merseyside Pension Fund has published the final audited version of its Report & Accounts for 2022/2023.
The Government has confirmed that local government pensions will rise by 6.7% from 8 April 2024. Local government pensions are increased each year in line with the cost of living to maintain their spending power.