Opting out lgps

Matt_22

that is not a concern as it would be best if to keep my contributions with the lgps?

Matt_22

It says something I think about if you transfer in can draw from 65

Matt_22

xylophone said:

You can leave your LGPS deferred in the Scheme if you leave and it will revalue in deferment and once it comes into payment.

https://www.lgpsmember.org/your-pension/thinking-of-leaving/leaving-before-retirement/deferred-benefits/

Thanks so if I transfer in and leave before the 2 year make. I will become a deferred member of the lgps?

JoeCrystal

Matt_22 said:

xylophone said:

You can leave your LGPS deferred in the Scheme if you leave and it will revalue in deferment and once it comes into payment.

https://www.lgpsmember.org/your-pension/thinking-of-leaving/leaving-before-retirement/deferred-benefits/

Thanks so if I transfer in and leave before the 2 year make. I will become a deferred member of the lgps?

Yes. I believe that already been made clear to you. For certainty, check the definition of the vesting period in the link that xylophone shared.

I would suggest that you read the relevant pages on that website. It got all the relevant information and in a simple clear to understand.

To be honest, a very large number of your questions can be answered by reading up and googling the answers. Or just ask your LGPS pension admins.

Matt_22

Thanks and being a deferred member is good as you still get some of the lgps benefits with regards to I'll health etc

Matt_22

I had a read again thank you. I just can't find anything about become a deferred member if you have done under 2 years in the lgps. But have transferred in.

Lemon_dr1zzle

https://www.lgpsmember.org/help-and-support/glossary/ Under v for vesting 

Matt_22

Thanks Im covered then

Matt_22

QrizB said:

Matt_22 said:

Value of stocks roughly double every 10 years.

That's not exactly true. Here's a chart of the FTSE100 from 1984 to 2015. Today it's worth about 7700, only 10% up in the eght years since 2000.

Matt_22 said:

And I have 30 years till retirement. So could be worth 45k

Do you think today is like 1984, and the FTSE will rise six-fold in the next 15 years? Or is today like 2000, and we're going to see a 10% rise in the next 23 years?

Essentially, do you feel lucky?

Thanks it's the sp500 that has doubled every 10 years. Doubling an investment in 7.2 years with compound interest. With 32 years till retirement age I could get 4 doubles on the 14k. Taking it to 224k. Which would buy an annuity better then the lgps fund. I really don't no which way to go I have signed the form out in a stamped envelope but since worked this out not sure

MallyGirl

You might get doubling, or you might get some significant dips. No one is denying that you 'could' make more investing in 100% equities - but it could also be a rollercoaster of a ride. LGPS is a guaranteed income, for life, according to a set of rules which are clearly laid out.
With the stock market past performance is not a guarantee of future performance.