Will I get a lump sum?

If you were a member of the LGPS before April 2009 you will have built up membership which included an automatic lump sum. You will still receive this and can trade some of your pension from the LGPS 2009 and LGPS 2015 for a larger tax free lump sum - up to a maximum limit set by HM Revenues and Customs. For every £1 of your annual pension swapped in buys £12 of tax-free lump sum.


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