If you decide not to join the Local Government Pension Scheme (LGPS), you could just depend on the State Pension . However, this alone is unlikely to provide you with enough income to support you in your retirement.
State retirement ages are continually increasing as people are now living longer, therefore the younger you are the later your State Pension will probably be paid.
Instead of an occupational scheme, you could choose to contribute to a Personal Pension Plan or Stakeholder Pension, however, this means:
- no employer contributions
- you paying administration fees
- you taking all the investment risk
Find details on state benefits and pension, and how to get a state pension forecast
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