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Lgps

Rob408 · 2019-02-17 10:49:08

Can someone please clarify this query re LGPS. I work for the LA and joined the scheme in May 2018. I pay a contribution of 6.5% a month and I believe my employer pays approx 19%. The scheme states my contribution is 1/49th of my pay, so 1/49th of £24,500 is £500 plus inflation is what I would accumulate in a year. However…

Comments

Apodemus Posts: 3,410 Forumite

18 February 2019 at 7:39AM

Amazing just how often this question comes up! I hope that the OP will tarry awhile on MSE, read more across the range of boards and hopefully shed some light into other aspects of their finances!

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