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LGPS news

Latest information and updates

General Data Protection Regulations (GDPR)

Data protection law has changed from 25 May 2018 following the introduction of the General Data Protection Regulations (GDPR). Further information can be found on our LGPS General Data Protection Regulations (GDPR) page.

 

National LGPS Member WebsiteOpens new window

A dedicated National LGPS Member Websitenew window is available to provide members and potential members with information relating to the LGPS. The site provides summary information on the benefits and options available in the Scheme, as well as Frequently Asked Questions and simple calculators.

 

HM Revenue & Customs (HMRC) - Annual & Lifetime Allowances

The document below was produced in 2011 to provide an overview of the potential impacts to scheme members of the reductions by HMRC in the Annual & Lifetime Allowances from the 2011/2012 and 2012/2013 financial year respectively and to provide some illustrative examples.

Please note that since the reductions mentioned in the document, HMRC have made further changes to the Annual Allowance and Lifetime Allowance. Provided below are the Annual & Lifetime Allowance values since 2011/2012

HMRC Annual and Lifetime Allowance InformationOpens new 

Financial Year Annual Allowance Lifetime Allowance
2011/2012 £50,000 £1,800,000
2012/2013 £50,000 £1,500,000
2013/2014 £50,000 £1,500,000
2014/2015 £40,000 £1,250,000
2015/2016 £40,000 £1,250,000
2016/2017 £40,000 £1,000,000
2017/2018 £40,000 £1,000,000
2018/2019 £40,000 £1,030,000

Please use the HMRC links provided below for further information of these changes and details of the protections available.

HMRC - Tax on your private pension contributions

 

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Annual Benefit Statements

The Annual Benefit Statements for Active and Deferred scheme members calculated to 31st March 2017 were dispatched at the end of August 2017.

If you were an active or deferred scheme member on the 31st March 2017 and also at the date of dispatch, you should have received your statement.
If you have not received yours, please let us know by telephoning (01452) 328888 or sending an email to pensions@gloucestershire.gov.uk.

If you commenced membership of the scheme after 31st March 2017, you will receive your first Benefit Statement (calculated to 31st March 2018) later during the 2018/2019 financial year. Subject to our receiving the required information from your employer, this should be by early September 2018 at the latest.


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