I am supporting my family

It can be a busy time having a family. But it's important not to let your pension slip away.

Make sure you’ve got your family covered

Your LGPS pension gives you security for you and your family. If you were to die whilst you were still working, a lump sum and pension can be paid to your family.

You can also pay more so your family receives a bigger lump sum or pensions if you die while still working or after you have retired. These are valuable benefits which give you and your family some security if the worst were to happen.

The 50/50 Section

With children running around it's hard to find time to tie your own shoes, let alone make sure your pension's ok. You may not have a lot of spare money, but don't forget the difference a small amount each week will make to your final retirement benefits.

Think about a temporary reduction to your contributions.

If you are thinking of opting out because of the cost you can stay in the Scheme but pay less.

There is an option called  the 50/50 Section that allows you to pay half of the contribution but only build up half the pension.

If you have more than one job you can make this choice in one, all or some of them.

Your survivor's benefits are unaffected.

Your employer will need you to make your choice in writing.

This is only meant to be a short term solution and you will have to again pay the full contribution rate when your employer has to re-enrol you every three years.

If you are away from work without pay due to sickness you will have to pay the full rate when your pay recommences.

Make extra contributions – every little bit counts

Find out how you can pay extra into your pension.

You should get financial advice before making any decision to pay more into your pension.