Latest LGPS News

• 2023/2024 Annual Report Published

  The Buckinghamshire Pension Fund Annual Report for the year ending 31 March 2024 has now been published

  11 December 2024
  

• Getting started with retirement planning

  Each year we issue annual benefit statements to LGPS members who are not yet receiving their pension. Annual benefit statements are designed to help you plan for your retirement.

  02 July 2024
  

• Your 2024 Annual benefit statements

  Until your pension is in payment, each year you’ll receive an annual benefit statement showing how much your pension is currently worth.

  06 June 2024
  

• Your P60 and your May payslip

  Each year we issue a P60 to everyone receiving a pension from us by 31 May. The P60 shows the amount of pension you have been paid and any tax that has been deducted during the previous year.

  03 May 2024
  

• 2024/2025 contribution rates published

  Each April, the contribution rates table is updated to keep up with the cost of living. The table has now been updated for 2024/25.

  03 April 2024
  

• LGPS pensions to receive a 6.7% boost this April

  LGPS pensions are adjusted each year according to the CPI (Consumer Price Index) rate for the previous September. This year LGPS pensions will be increased by 6.7%.

  08 March 2024
  

• Changes to pension tax rules from 6 April 2024

  On 15 March 2023, the Chancellor unveiled the Spring Budget announcing changes to pension tax rules. The most significant of these changes was the abolition of the lifetime allowance from 6 April 2023.

  06 February 2024
  

• You must report an annual allowance tax charge by 31 January

  The Annual Allowance is the amount your pension benefits can increase over a ‘pension input period’ without incurring a tax charge.

  02 January 2024
  

• Discover the new and improved ‘my pension online’

  We’re pleased to announced that our free self-service portal, my pension online has had a makeover!

  21 December 2023
  

• LGPS underpin protection extended to more people

  On 1 October 2023 changes were made to the LGPS regulations to extend underpin protection to more people.

  19 December 2023