PENSIONS AWARENESS WEEK 15-19 September
As an employee of the Trust, you will automatically be enrolled onto the pension scheme when you start work and your contract is expected to last for 3 months or longer.
Non-teaching employees will join the Local Government Pension Scheme (LGPS) - the rate of pension contribution you will pay is in the document below.
What is PensionPoint?
If you haven’t already heard, PensionPoint is an online portal where you can access your Local Government Pension Scheme details as often as you like.
Activate your new account today and you’ll be able to view and download your documents, update your personal details and check your retirement benefits in just a few clicks.
What are the benefits?
- An online account that puts you in control of your pension
- Real time access to all your relevant pension information
- Online calculators that provide an estimate of your pension benefits
- Annual benefit statements - providing a forecast of your benefits payable at your normal retirement age
- A personal information page, where you can update your details in just a few clicks
- New added features to help you manage your pension
How you can register
- Enter your personal and security details
(Use your personal email not your work one)
- Enter a one-time code
(A new code will be sent to your email address, every time you log in)
Register for PensionPoint here:
members.lppa.co.uk
Where can I get more information?
For more information, visit LPPA’s dedicated PensionPoint resource page here:
http://www.lppapensions.co.uk/pensionpoint
Teachers will be enrolled onto the Teachers Pension Scheme (TPS). The contribution rates are detailed in the document below.
For further information please visit their website: TPS
ADDITIONAL VOLUNTARY CONTRIBUTIONS
If you would like to make additional contributions to your pension you will need to complete an application and this will be applied to your monthly salary.
Teachers, please contact the Teachers Pension Service: https://www.teacherspensions.co.uk/members/faqs/working-life/additional-voluntary-contributions.aspx
Non-teaching staff:
We offer a shared cost AVC scheme, a unique benefit which is a tax-efficient way to save for retirement alongside your main LGPS.
Your Shared Cost AVC scheme – Simple, smart, flexible[GB1]
Let’s be honest – pensions can be tricky.
If you’re not sure what’s in your pension or how you’ll pay for things when you’re older, you’re not alone.
But saving for the future doesn't have to be hard.
If you’re in the Local Government Pension Scheme (LGPS), there’s an easy way to save more money for your future. It’s called Shared Cost Additional Voluntary Contributions – or Shared Cost AVCs for short.
What’s a Shared Cost AVC?
It's a way to save extra money for your retirement. It works alongside your main LGPS.
The best part? You don’t pay Income Tax and National Insurance on the money put into your pot. This means your money goes further. For example, putting in £30 will only cost you £21.68.*
My Money Matters can help you understand pensions and Shared Cost AVCs:
- Short videos that explain pensions in a simple way
- Webinars where you can learn more about your pensions
- A Shared Cost AVC calculator to see how much money you could save
- Individual 1-2-1 coaching sessions where you can ask your own questions
Start now – it all adds up
You don’t have to save a lot all at once. Even small amounts grow over time. For example, if you invest £30 a month for 30 years, you could end up with £17,000 when you retire!†
Retirement might feel far away, but the sooner you start, the more choices you’ll have later.
Take the first step. Sign up with My Money Matters and see how a Shared Cost AVC could work for you.