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Paying extra in a LGPS pension

27 replies

Louisetopaz21 · 05/09/2023 15:06

I pay 6.5% of my salary into a LGPS. I am in a fortunate situation where we have no debts and I can save after outgoings £1000 per month no including my dh's amount he can also save. My dh wants me to pay extra into my pension but I don't know where even to start. Any suggestions to make my money go further. I already have my full allowance in an ISA thank you

OP posts:
Muddle2000 · 25/10/2023 14:14

What is LGPS 85 rule?

JamMakingWannaBe · 25/10/2023 20:54

@muddle2000
If you paid into the LGPS before 1 October 2006 and your age plus years of scheme membership equals 85 you may be able to take your pension before your Normal Pension Age, without it being reduced.

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