How much will it cost?

Your contribution is 6% of the pay you receive.

As a member of the scheme, you receive tax relief on the contributions that you make, as they are deducted from your allowances before you pay tax.

The LGPS is contracted-out of the State Second Pension (S2P), therefore you will also pay less National Insurance contributions up until your State Retirement Age.

The Council then pays the balance of the cost of providing your benefits after taking into account investment returns. Every three years, an Independent Actuary calculates how much the Council should contribute to the Scheme.