Details on what the Local Government Pension Scheme (LGPS) means to you can sometimes be difficult to understand. In this section you will find calculators and modellers to help you with this.
- Pension account modeller
From 1 April 2014 the LGPS is a career average scheme. You will now build up pension each year in the new scheme which will be added to your pension account. The pension put into your account will be worked out based on your pensionable pay in that year.
For each job you have LGPS membership in you will have a separate pension account.
At the end of each Scheme Year the amount in your pension account will be adjusted in line with the cost of living (currently the rate of the Consumer Prices Index (CPI) to ensure it keeps its value).
This pension account modeller should help you understand how pension accounts will work in the LGPS from 1 April 2014.
- Additional Pension Contributions (APC)
You may decide to purchase Additional Pension Contributions (APC) to buy extra pension or to make up lost pension due to an unpaid absence.
You can pay for APCs either regularly over a number of complete years or as a one-off lump sum. The maximum you can buy is £6,822 per annum. This figure will increase each year in line with the cost of living. Buying lost pension is important if you have pre-2014 membership and you wish to protect your benefits in a number of different circumstances.
The APC Modeller below provides access to quote as well as the opportunity to elect to set up an APC or Shared Cost APC arrangement and print off an application form for onward distribution to your employer.
- Additional Voluntary Contributions (AVC)
The calculator provides you with an estimate of the pension you could expect to obtain according to the retirement age and the level of AVC contributions you select.
This is a Prudential calculator. If you are having any difficulties using this you should contact Prudential directly.
This link is provided purely for your convenience. It does not imply that the pension fund endorses or supports this organisation, the information on their pages, or their products or services in any way.
- LGPS 2014 contribution calculator
This calculator is for people intending to or contributing to the Local Government Pension Scheme only.
You can find out how much your contributions in the LGPS will be. This will take into account tax relief and any National Insurance reductions you may be entitled to.