We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
LGPS - basic Q. about leaving work before SPA
simonineaston
Posts: 185 Forumite
Quick question for anyone who knows local government pension scheme terms. (I have a help desk ticket out with the team, but they haven't responded yet...)
As I approach state pension age, I could afford to stop working. I have a couple of years to go. Do the terms of the LGPS allow me to continue to contribute to the scheme up until my SPA if I stop work early? If so, how are the contributions calculated? Common sense suggests that I can't, because I will no longer work for local government, but one never knows these days!
As I approach state pension age, I could afford to stop working. I have a couple of years to go. Do the terms of the LGPS allow me to continue to contribute to the scheme up until my SPA if I stop work early? If so, how are the contributions calculated? Common sense suggests that I can't, because I will no longer work for local government, but one never knows these days!
0
Comments
-
simonineaston wrote: »Quick question for anyone who knows local government pension scheme terms. (I have a help desk ticket out with the team, but they haven't responded yet...)
As I approach state pension age, I could afford to stop working. I have a couple of years to go. Do the terms of the LGPS allow me to continue to contribute to the scheme up until my SPA if I stop work early? If so, how are the contributions calculated? Common sense suggests that I can't, because I will no longer work for local government, but one never knows these days!
No, you have to be employed by an LGPS employer in order to contribute.0 -
If you are not already doing so, and have spare cash, it may be worthwhile making AVCs in the time you remain working - there could be a significant tax saving.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards