Your deferred pension update is now available by logging into SPFOnline.
If you are not registered for SPFOnline, you can Sign Up here
Deferred members who prefer hard copies have been mailed with their pension update to the home address we hold on our records.
If you are a deferred member who has not received any communication from us, it could be that we do not hold a current address for you, or that we have an out of date address for you.
Please get in touch via firstname.lastname@example.org
We always recommend that members who move advise us of their new address.
In Touch 2021, our annual newsletter for deferred members, will be available in the summer.
Members will be notified when In Touch is avalible to view from our website here.
Please click here for information.
Only members who joined the scheme prior to 01/04/2009, receive an automatic lump sum.
Your deferred benefits adjust in line with inflation see here
You will receive a Pension Update for each period of membership held in the scheme.
If you are currently contributing to the scheme your Pension Update for this period of membership will be available in August and if you have deferred benefits your Pension Update will be available in June.
We will contact you a few months before your 60th or 65th birthday with your benefit options.
From age 55 you can choose to access your deferred benefits, but they will be reduced if you take them before normal pension age. From age 60, some or all of your benefits can be paid unreduced, if you have protection under The Rule of 85.
You can access our Benefit Projector that allows you to estimate receiving your deferred benefits from age 55, by logging into your SPFOnline account.
If you are already signed up for SPFOnline, you can gain access and use the Benefit Projector by;
If you are not already registered for SPFOnline all you have to do is click here and follow the 'sign up' instructions.
You can also refer to our 'Brief Guide to the LGPS'
Please send us an email 3 months prior to your intended retirement date to email@example.com confirming the following information:
Yes, you can elect to take up to 25% of your overall pension pot as a tax free lump sum.
No, it is not possible to convert your automatic lump sum to pension.
Details of your state pension can be found here
No your deferred update does not show your Additional Voluntary Contributions (AVCs)
Pension debits are not shown in the yearly pension quoted on your statement. The current value of any debits is calculated in the Personal Details area of your statement.
Please click here for information.
Your deferred benefits can be paid early if you become permanently unable to do the job in which you built up your deferred benefits. To apply, email us at firstname.lastname@example.org confirming the following information:
If you re-join the LGPS, it is important that you contact us and also the fund that you become an active member of. There are LGPS rules that we have to apply to your deferred benefits and if you do not provide us with any instructions, applying these rules may not be to your advantage. You can find more information on our website here.
Yes, to another registered pension scheme.
However, if you want to transfer your benefits to an overseas scheme, you must emigrate permanently. More information about this is available from HMRC.
A transfer out of the LGPS is a major financial decision It requires careful consideration and can only be done after taking advice. If you are considering this, please read our Freedom and Choice Q & A for LGPS members
You also need to be aware of pension scams. More information here: https://www.fca.org.uk/scamsmart/how-avoid-pension-scams