Local Government Pension Scheme (Wiltshire Pension Fund)
The Local Government Pension Scheme (LGPS), administered locally through the Wiltshire Pension Fund, is a valuable workplace pension for Swindon Borough Council employees. However, like many public sector pensions, it can be complex and difficult to fully understand without specialist guidance.
We provide clear advice on government pensions in Swindon to help council employees understand how the LGPS works and how it fits into their wider financial and retirement planning.
The Local Government Pension Scheme is a defined benefit pension arrangement. The LGPS changed from a final salary scheme to a career average scheme on 1 April 2014. Depending on when you first joined, you may have:
- Final Salary Scheme benefits built up before April 2014
- Career Average Revalued Earnings (CARE) Scheme benefits built up from April 2014 onwards
Each scheme has different rules and considerations. Understanding how these different elements work together is key to effective retirement planning.
How we support Swindon Borough Council employees
While we do not replace the Wiltshire Pension Fund administrators, we can provide support to help you make informed decisions around your Local Government Pension Scheme benefits.
Our support includes:
- Explaining LGPS and Wiltshire Pension Fund benefits in plain English
- Helping you understand projected retirement income
- Advising on retirement timing and planning options
- Integrating LGPS benefits with other pensions, savings and investments
- Providing broader retirement planning advice for government employees in Swindon
If you are searching for advice on the Wiltshire Pension Fund or government pension advice in Swindon, we can help provide clarity, structure and peace of mind.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Got a question?
Do get in touch with us if you need a bit more information about these services, or any of our other financial planning advice.
