Unsupported Browser Version

Internet Explorer is no longer supported. For your security and to ensure you have the best experience when using this site, please upgrade to the latest release of your browser of choice. E.g. Chrome

  • Help/Contact us
Cambridgeshire firefighters - information for pensioners 1992 Scheme Cambridgeshire Firefighters - Information for Pensioners 2006 Scheme Cambridgeshire Firefighters - Information for Pensioners 2015 Scheme Northamptonshire firefighters - information for Pensioners 1992 Scheme Northamptonshire Firefighters - Information for Pensioners 2006 Scheme Northamptonshire Firefighters - Information for Pensioners 2015 Scheme Notifying us of a death of Active Scheme Member Notifying us of a death of Deferred Scheme Member Notifying us of a death of Pensioner Scheme Member When can I take my benefits? (I have left employment before 1st April 2008) When can I take my benefits? (I have left employment after 31st March 2008 and before 1st April 2014) When can I take my benefits? (I have left employment after 31st March 2014) How is my pension calculated? (I am currently contributing into pension) How is my pension calculated? (I am deferred member of pension scheme) I need pension information for a divorce or dissolution of a civil partnership (I am active member of scheme) I need pension information for a divorce or dissolution of a civil partnership (I am deferred member of scheme) I would like to dispute a decision (I am active member of scheme) I would like to dispute a decision (I am deferred member of scheme) Protections for my family (I left employment before 1st April 2008) Protections for my family (I left employment after 31st March 2008) Rejoining the LGPS (I stopped contributing after 31st March 2008 and before 1st April 2014) Rejoining the LGPS (I stopped contributing after 31st March 2014) 1 April 2008 to 31 March 2014 leavers 1992 Fire pension scheme homepage 1992 Fire Scheme - Forms and Resources 1992 Fire scheme - information on your membership for active members 1992 Fire scheme - information on your membership for deferred members 2006 Fire pension scheme homepage 2006 Fire Scheme - Forms and Resources 2006 Fire scheme - information on your membership for active members 2006 Fire scheme - information on your membership for deferred members 2015 Fire pension scheme 2015 Fire scheme - forms and resources 2015 Fire scheme - information on your membership for active members 2015 Fire scheme - information on your membership for deferred members Active LGPS Annual Benefit Guidance Note 2019 Active members: about the scheme Active members: forms and resources Active members: managing my pension Annual Allowance Member Fact Sheet 2019 Annual Benefit Statements Boards and committees homepage Cambridgeshire committees and board Cambridgeshire investment sub committee Cambridgeshire key governance documents Cambridgeshire local pension board Cambridgeshire pension fund committee Can I pay less? Can I pay more? Changes in circumstances Claiming your pension Councillors and the LGPS Deferred members: about the scheme Deferred members: forms and resources Deferred members: managing my pension Existing LGPS pension scheme members homepage Existing members homepage Fire pensioners 1992 scheme homepage Fire pensioners 2006 scheme homepage Fire pensioners 2015 scheme homepage Firefighters pension scheme homepage Full Guide to LGPS 2019 Glossary of terms Governance homepage Help Home How are my benefits calculated? How are my deferred 2008 benefits calculated? How much do I have to pay? I am having some time off work I am thinking of leaving the scheme I would like to increase my benefits I would like to join the 50/50 section of the scheme I would like to know how much my pension is worth I would like to transfer a previous pension I'm thinking of joining homepage Information governance Is my pension taxed? Keeping us updated Key governance documents homepage Landing page Latest news LGPS active members homepage LGPS deferred members homepage LGPS pensioner members homepage Login/Register Northamptonshire key governance documents Pensioner newsletters, forms and factsheets Post 1 April 2014 Leaver Pre 1 April 2008 leaver Protection for my family Protection for your family Resolving complaints Thinking of joining the fire pension scheme? Thinking of joining the LGPS Thinking of joining: forms and resources Transferring from the LGPS Update my details What are my retirement options? What happens if I die in service? What if I want to leave the scheme? Your payments Videos Your Pension made simple Coronavirus
  1. Home
  2. Members
  3. LGPS
  4. Active Members
  5. Managing my pension
  6. I would like to increase my benefits

I would like to increase my benefits

PayMore

If you’d like to make extra savings to increase your pension benefits, there’s two tax efficient ways you can do this:

Additional Voluntary Contributions

Additional voluntary contributions (AVC) let you invest money in the stock market, directly from your pay, through an AVC provider to give you extra savings for your retirement. Our AVC provider is Prudential. Please get in touch with them to discuss the range of funds available to you.

You can find out more information about AVCs in this LGPS booklet

The Administering Authority of the Fund regularly reviews the Fund’s AVC arrangements to ensure they remain fit for purpose. The most recent review was carried out by the Administering Authority’s investment advisers this autumn. The review did not raise any concerns regarding the suitability of the current AVC arrangements. However, our advisers did comment on the performance of some of the funds members invest in.

For more information on the results of the review, please read the appropriate communication for your Fund.

Cambridgeshire Pension Fund AVC member communication 2024

Northamptonshire Pension Fund AVC member communication 2024

Additional Pension Contributions

You can pay additional pension contributions (APCs) to boost your pension at retirement or to cover lost pension due to authorised unpaid leave or industrial action.

The key points about APCs are:

  • You can pay extra contributions to buy up to £8,344 (as at 1/4/2024) of extra annual pension in the Local Government Pension Scheme (LGPS). You’ll then receive this extra pension on top of your normal LGPS benefits every year for life.
  • At the end of every scheme year, the proportion of extra pension that you’ve paid for in that year is added to your pension account.
  • The amount of extra pension bought provides benefits for you only. It’s not used in the calculation of any survivor's or children's pensions.
  • You can’t choose to buy extra pension if you’re in the 50/50 section of the LGPS.
  • The extra pension you’re buying will be paid at the same time as your main LGPS pension benefits and will increase in line with the cost of living, both before and after you take your pension.
  • If you’re paying by regular instalments, you can start to buy extra pension at any time up to a year before your normal pension age (your state pension age with a minimum of age 65). You decide how long you want to pay extra contributions for, although it must be for a number of whole years and payments must be completed by normal pension age. Your normal contributions plus the APCs are taken before your tax is worked out, so, if you pay tax, you’ll get tax relief automatically through payroll.
  • If you’re paying by lump sum, you can pay any time before the age of 75. If you choose to make payment directly to your pension fund, you’ll need to arrange tax relief directly with HMRC as the contributions aren’t being taken from your pay.
  • Tax relief is available on all pension contributions up to 100% of your taxable earnings.
  • You can choose to stop paying APCs at any time by writing to us and your employer.

To help you work out the cost of buying either extra pension or lost pension, LGPS has a calculator on their website Your employer will be able to give you your pensionable pay details for the ‘Buying lost pension calculator’. Please fill in the ‘Buying back lost pension form’ and send to your employer. Once you’ve printed out the results of the calculator, please send a copy of both forms to us.

If you’d like to apply for an APC then you need to get a registered medical practitioner to fill in our medical certificate first.

You can find out more information about APCs and AVCs in this booklet


  • Privacy policy
  • Accessibility
  • Administrator Login