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Is paying the maximum apc for lgps worth it?

Is paying the maximum apc for lgps worth it? 1 vote

Yes
100% 1 vote
No
0% 0 votes

Comments

  • Brie
    Brie Posts: 14,973 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    what's apc?

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  • ElefantEd
    ElefantEd Posts: 1,226 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    What's lgps?
  • MrE1
    MrE1 Posts: 42 Forumite
    Third Anniversary 10 Posts
    Lgps = local government pension scheme
    Apc= additional pension contributions
  • Better off asking on the pension board.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • lincroft1710
    lincroft1710 Posts: 18,979 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Would depend on so many factors. Current age, amount of income expected at retirement, how much you can afford for APC, current and projected financial commitments etc.


    I had a similar opportunity many years ago with the Civil Service Pension Scheme, but for me the maths didn't add up, so said no
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Worth looking into both APC and AVCs. Old threads on here will help you determine which is best for you. 
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