Retired or planning to retire

This section holds information for people who are retired and in receipt of a pension and for members who are planning to retire

Financial planning

Retired or looking to retire?

Financial decisions for your retirement are some of the most important and far reaching you will make.

The Warwickshire Pension Fund cannot assist you in making these decisions. This service is therefore aimed at bridging the gap between the information the pension fund provides and regulated support/advice required for you to be able to make informed decisions across all your retirement savings.

Find out more about the retirement advice service.

Tax controls and pension

There are controls on the total amount of contributions you can make into all pension arrangements and receive tax relief on, and on the pension savings you can have before you become subject to a tax charge. This is in addition to any income tax you pay on your pension once it is in payment. These are called Annual Allowance - LGPS and Lifetime Allowance - LGPS.

View the retirement planning guide (DOCX, 1.4MB).

GOV.UK have provided advice on how to avoid pension scams. Please visit Pension wise website for more information.

The Pensions Regulator - how to protect yourself from scammers.

From 14 May 2018 the regulations were amended to allow deferred members to take their pension from age 55. This means that most people are now able to access their deferred LGPS pension from age 55 with an actuarial reduction for early payment.

Although these regulations cover most people, an unforeseen consequence of this change has meant that some people who left before 01/04/1998 and are already over age 55 are not covered by this change and cannot access their pension earlier. The majority of people who this applies to can still access their pension at age 60. For anyone who cant access their pension from age 60 we will write to you separately to let you know.

The government hopes to fix this unintended consequence later in the year so look out for further updates.

If you haven't already registered for ePayslips and would like to do so, then please email

Please note - overseas members in receipt of a pension, will no longer receive a paper copy of the payslip.

This years 'Cost of Living' increase to pensioners is 0.5% which is payable from 12 April 2021. The full increase is only payable if your pension began on or before 06 April 2020. If your pension began after this date a smaller increase will be applied:

  • 22-Mar-20 to 27-Apr-20 -1.0050%
  • 28-Apr-20 to 27-May-20 -1.0046%
  • 28-May-20 to 27-Jun-20 -1.0042%
  • 28-Jun-20 to 27-Jul-20 -1.0038%
  • 28-Jul-20 to 27-Aug-20 -1.0033%
  • 28-Aug-20 to 27-Sep-20- 1.0029%
  • 28-Sep-20 to 27-Oct-20 -1.0025%
  • 28-Oct-20 to 27-Nov-20 -1.0021%
  • 28-Nov-20 to 27-Dec-20 -1.0017%
  • 28-Dec-20 to 27-Jan-21 -1.0013%
  • 28-Jan-21 to 27-Feb-21 -1.0008%
  • 28-Feb-21 to 27-Mar-21- 1.0004%
Ragged Staff

Ragged Staff is an annual newsletter sent to our retired members. If you would like to submit any articles, please email -

For your information, please find below payment dates for your pension.

  • 30/04/2021
  • 28/05/2021
  • 30/06/2021
  • 30/07/2021
  • 31/08/2021
  • 30/09/2021
  • 29/10/2021
  • 30/11/2021
  • 31/12/2021
  • 31/01/2022
  • 28/02/2022
  • 31/03/2022