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Is paying the maximum apc for lgps worth it?

MrE1
MrE1 Posts: 40 Forumite
Second Anniversary 10 Posts
in Boost your income

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

Yes
100% 1 vote
No
0% 0 votes

Comments

  • Brie
    Brie Posts: 13,193 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    what's apc?

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  • ElefantEd
    ElefantEd Posts: 1,211 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    What's lgps?
  • MrE1
    MrE1 Posts: 40 Forumite
    Second Anniversary 10 Posts
    Lgps = local government pension scheme
    Apc= additional pension contributions
  • MovingForwards
    MovingForwards Posts: 17,128 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Better off asking on the pension board.
    Mortgage started 2020, aiming to clear it in 2026.
  • lincroft1710
    lincroft1710 Posts: 18,284 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
  • anxiousnow
    anxiousnow Posts: 91 Forumite
    Part of the Furniture 10 Posts Name Dropper Photogenic
    Worth looking into both APC and AVCs. Old threads on here will help you determine which is best for you. 
    My referrals page: https://sites.google.com/view/donnaonamission/home 
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