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Paying into current LGPS AVCs after taking pension from previous LGPS employer - am I recycling?
TerryBiscuits
Posts: 17 Forumite
Hi all,
Following an investigation by the Ombudsman, I may be receiving a TFLS of approx £30k along with my regular LGPS pension (backdated to 2021) from a previous job. I didn't think I'd be receiving this and I've been paying into my current employer's LGPS scheme since 2022. At the beginning of this year, I began paying AVCs. I have upped the amount gradually and am now putting in around £1k each month.
My plan is to continue doing this after the previous pension and TFLS are paid, but I don't want to be accused of recycling. The contributions are coming from my salary, so I'm not touching any of my pension. Am I worrying over nothing, or do I need to revise my AVC contributions?
Following an investigation by the Ombudsman, I may be receiving a TFLS of approx £30k along with my regular LGPS pension (backdated to 2021) from a previous job. I didn't think I'd be receiving this and I've been paying into my current employer's LGPS scheme since 2022. At the beginning of this year, I began paying AVCs. I have upped the amount gradually and am now putting in around £1k each month.
My plan is to continue doing this after the previous pension and TFLS are paid, but I don't want to be accused of recycling. The contributions are coming from my salary, so I'm not touching any of my pension. Am I worrying over nothing, or do I need to revise my AVC contributions?
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I suspect you are worrying over nothing.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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