As a member of the Local Government Pension Scheme (LGPS), you have the option to pay extra pension contributions to provide for additional pension benefits when you retire.  There are two ways this are outlined are detailed below and outlined in the Topping Up leaflet.

Additional Voluntary Contributions (AVC)

These are setup directly with Prudential who are the LGPS AVC providers for Lancashire and Cumbria. You can choose an amount to pay in for as long as you want, this option is very flexible and can be changed or cancelled whenever required. As an active member you can pay in up to 100% of your salary and this is paid before tax is calculated. Only active employees can contribute to AVC's as this is deducted out of your salary. The contact number is shown below:

Prudential

tel: 0800 032 6674

website: www.pru.co.uk/localgov

You can now join or top up online

The Prudential website now allows you to join or increase your AVC online.

The online facility:

  • Allows you to start your AVC
  • Allows you to increase your AVC
  • Is quick, easy and secure
  • Is available 24 hours a day

This means you can start or increase your AVC at any time that is convenient to you, no matter what time of the day or night.

You can still call Prudential during office hours, but if you can’t, or would rather do it after hours, use the new online forms.

Go online now or at any time: www.pru.co.uk/rz/localgov/england-wales/

AVC Guide

Additional Pension Contributions (APC)

Additional Pension Contributions (APC's) are a facility where you can buy additional Local Government pension payable when you retire. You can buy the extra pension by paying APCs regularly over a period of time or by making a one off lump sum payment. The maximum amount of additional pension you can buy is £7,194 (this figure will increase each year in line with the cost of living).

Please use this calculator to see how much an APC will cost you.

APC Calculator

Please do not click the get application option at the end of the calculation as this calculation is a feature of an external site.

 

To take things further you need to complete the relevant form below and include the figures that you have obtained from the APC calculator. The form then needs to given to your employer. Your employer will contact us to set up the APC.

Topping Up

Still want more information? Please feel free to watch the "Looking after your pension" video courtesy of the LGPSMember.org team below:

Looking after your pension

(Captions Available: CC)

For more videos, click here