ANNOUNCEMENT

Tax News Alert for retired members

If you are one of our retired members, from April 2025, the pension you get from us increased by 1.7% and the State Pension (if you receive it) increased by 4.1%. However, as the Personal Allowance (the amount of annual income you can receive before paying Income Tax) remains at £12,570 a year, this could mean if you were previously a non-taxpayer you will now pay tax or, if you were already a taxpayer, you could find that you will now pay more tax.

Opens in new window Find out more about Income Tax here

ANNOUNCEMENT

Devolution and Local Government Reform

There have been reports in the news recently about government plans to change how councils are organised and how the Local Government Pension Scheme (LGPS) makes investments. The changes to councils include devolution, under which a new strategic authority with a Mayor may be set up covering both Norfolk and Suffolk. There are also proposals to replace the current county and district council arrangements with single (unitary) authorities. These changes will not affect your LGPS benefits - your pension is safe and guaranteed.

ANNOUNCEMENT

LGPS investment reform

Following the Chancellor’s Mansion House Speech, the Government has published a consultation on Local Government Pension Scheme (LGPS) investments. Please be assured that the proposals do not impact on the benefit structure of local government pensions. Pensions accrued and pensions payment are unaffected and outside the scope of the reform proposals. The Norfolk Pension Fund is currently reviewing the consultation and intends to respond in due course.

ANNOUNCEMENT

Pension fraud victim is scammed out of £45,000

Pauline Padden, 60, a children's critical care nurse from Merseyside, lost her entire £45,000 pension savings to fraudsters. Pauline was one of 245 victims scammed out of a total of more than £13.5m in pension savings after they were persuaded to transfer into fraudulent schemes. Please stay vigilant and protect yourself from pension scams.

Opens in new window Read more about Pauline's story here

Annual Benefit Statement

The 2024 Annual Benefit Statement for Active members is available to view on Member Self-Service.

Please click on the links below to download documents from your Annual Benefit Statement. 

Links to useful websites referred to in your Statement are shown below.

 

ANNOUNCEMENT

The McCloud remedy

Regulations to change the LGPS Rules came into effect from 1 October 2023. We are currently working to implement the remedy to member records. If you qualify for Underpin Protection you do not need to do anything; we will contact affected members in due course.

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ANNOUNCEMENT

Avoiding pension scams

Should you decide to transfer your benefits you should be aware of potential pension scams. Educating yourself and remaining vigilant are key to minimising the risk posed by pension scams.

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ANNOUNCEMENT

Digital Midlife MOT

If you’re aged between 44 and 55, the Government provides a digital Midlife MOT to help you check the status of your work, health and money.

Opens in new window Digital Midlife MOT

Managing your pension

Increase my pension

You can pay more to top up your pension. Find out more here.

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Leave the scheme

If you have left the LGPS and are joining another scheme you may wish to consider transferring your LGPS benefits to it. Click to find out more.

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Register a death

When you die, it is important that the Fund is made aware as soon as possible. Find out more here.

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Change my details

If your personal circumstances change, you will need to notify us. Click here for further details.

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