Peninsulapensions.org.uk

Paying you your pension

There may be a situation where a person, other than an eligible child, is incapable of managing their affairs because of mental incapacity. If the authority recognises this as an issue the … See more

Actived: 3 days ago

URL: https://www.peninsulapensions.org.uk/members/fire-service/retirement/paying-you-your-pension/

When can I retire

WEBYou can retire after 65. You can stay in the scheme beyond 65 – in fact as late as 75 with your employer’s permission. If you choose to carry on working after age 65 you will …

Category: Health Go Health

Ill health retirement

WEBA guide for LGPS Employers. This guidance is designed to help you understand the Local Government Pension Scheme regulations surrounding ill-health and your …

Category: Health Go Health

Your pension scheme

WEBYour pension will be worked out and added to your pension account every year you are in the scheme so the longer you are a member and the more you pay in, the more benefits …

Category: Health Go Health

Working after retirement

WEBWorking after retirement. If you built up any pension in the LGPS before 1 April 2014, took payment of your pension and then returned to work in local government, or with an …

Category: Health Go Health

Adult survivor benefits

WEBThe member’s notional pension is, therefore, £19,494 per year (= £9,494 +£10,000). The civil partner is entitled to receive 50% of the member’s notional pension and will be paid …

Category: Health Go Health

New Employer in the LGPS

WEBTypes of employer in the LGPS Employers within the LGPS fall into three main categories and an employee’s eligibility to join the scheme depends upon which category their …

Category: Health Go Health

Changing your pension to a lump sum (commutation)

WEBFor every £1 that the annual rate of pension is reduced by, you would receive £12 as part of the lump sum. For example, if you’re entitled to a retirement pension of £16,000 a year …

Category: Health Go Health

Increasing your pension benefits (topping up)

WEBIn most cases you can take 25% of the money in cash, tax-free. You’ll need to do this at the start and you need to take the rest as income. You must normally take your LGPS …

Category: Health Go Health

Early payment of deferred pension on grounds of ill-health

WEBEarly payment of deferred pension on grounds of ill-health. If you are a deferred member of this scheme and you become permanently medically unfit for any regular employment, …

Category: Medical Go Health

Opting out of the scheme

WEBThe LGPS is one of the best occupational pension schemes in the UK. Whatever your reasons for considering opting-out of the scheme, we ask that you give this matter …

Category: Health Go Health

Leaving the LGPS

WEBLeaver’s under age 55. When a member leaves their employment and has more than 3 months’ membership in total and is under age 55, they can choose between: a refund of …

Category: Health Go Health

Contribution rates

WEB9.94%. Tier 2 (full-time pensionable earnings above £27,000 but below £60,000 per year) 13.44%. 10.94%. Tier 3 (full-time pensionable earnings at and above £60,000 per year) …

Category: Health Go Health

The Firefighters' Pension Scheme 2006

WEB12/60 x £30,000 = £6,000 a year. If, instead, a higher tier pension were awarded, the enhancement of service would be –. 2% x 12 x 10 = 2.4 years. and so, in addition to a …

Category: Health Go Health