Local Government Pension Scheme (LGPS) rules
The LGPS is a statutory career average revalued earnings (CARE) scheme. In the main section, members accrue 1/49th (2.0408%) of their actual pensionable pay each year, revalued annually by CPI.
In the 50/50 section, members pay half their normal contribution rate to accrue 1/98th of pay, offering financial flexibility while maintaining full life assurance and ill-health protection.
Worked example: LGPS pension calculation
A council officer with an annual pensionable pay of £35,000 and 20 years in the LGPS 2014 scheme accrues an unreduced annual pension of £14,286 per year (£1,190 per month), with a tiered member contribution rate of 6.5%.
Inputs for the lgps pension calculator
Pensionable Pay & Years
Enter actual pensionable pay and service years in the CARE scheme.
CALCULATOR QUESTIONS
UK LGPS pension calculator questions
What is the LGPS commutation rate for tax-free cash?
You can exchange £1 of annual pension for £12 of tax-free lump sum, up to the maximum HMRC limit (approx 25% of the capital value of your benefits).
What is the LGPS Normal Pension Age?
Your LGPS Normal Pension Age is linked to your UK State Pension age (minimum age 65).