{"id":153,"date":"2018-06-28T09:47:35","date_gmt":"2018-06-28T09:47:35","guid":{"rendered":"http:\/\/pensions.cardiffcouncilwebteam.co.uk\/?page_id=153"},"modified":"2019-01-29T08:38:19","modified_gmt":"2019-01-29T08:38:19","slug":"what-are-the-alternatives","status":"publish","type":"page","link":"https:\/\/www.cardiffandvalepensionfund.org.uk\/non-members\/what-are-the-alternatives\/","title":{"rendered":"What are my Options?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text]<\/p>\n<h1>What are my options?<\/h1>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row top_padding=&#8221;40&#8243; row_id=&#8221;ulcontent&#8221;][vc_column width=&#8221;2\/3&#8243;][vc_column_text]If you decide not to join the Local Government Pension Scheme (LGPS), you could just depend on the <a href=\"https:\/\/www.gov.uk\/new-state-pension\" target=\"_blank\" rel=\"noopener\">State Pension <i class=\"fa fa-external-link\"><\/i><\/a>.\u00a0 However, this alone is unlikely to provide you with enough income\u00a0to support you in your retirement.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/state-pension-age\" target=\"_blank\" rel=\"noopener\">State retirement ages <i class=\"fa fa-external-link\"><\/i><\/a> are continually increasing as people are now living longer, therefore the younger you are the later your State Pension will probably be paid.<\/p>\n<p>Instead of an occupational scheme, you could choose to contribute to a Personal Pension Plan or Stakeholder Pension, however, this means:<\/p>\n<ul>\n<li>no employer contributions<\/li>\n<li>you paying administration fees<\/li>\n<li>you taking all the investment risk<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column el_class=&#8221;siderow&#8221; width=&#8221;1\/3&#8243;][vc_column_text el_class=&#8221;boxblue&#8221;]<\/p>\n<h3>State benefits<\/h3>\n<p>Find details on state benefits and pension, and how to get a state pension forecast<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/new-state-pension\" target=\"_blank\" rel=\"noopener\">Gov.uk <i class=\"fa fa-external-link\"><\/i><\/a>[\/vc_column_text][vc_column_text el_class=&#8221;boxblue&#8221;]<\/p>\n<h3>Money Advice Service<\/h3>\n<p>An impartial service, set up by the Government to give free an unbiased advice.\u00a0 You&#8217;ll find some great budget planners and other tools.<\/p>\n<p><a href=\"https:\/\/www.moneyadviceservice.org.uk\/en\" target=\"_blank\" rel=\"noopener\">Money Advice Service <i class=\"fa fa-external-link\"><\/i><\/a>[\/vc_column_text][vc_column_text el_class=&#8221;boxred&#8221;]<\/p>\n<h3>Got a question?<\/h3>\n<p><a href=\"\/get-in-touch\/\">Get in touch<\/a> with us.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text] What are my options? [\/vc_column_text][\/vc_column][\/vc_row][vc_row top_padding=&#8221;40&#8243; row_id=&#8221;ulcontent&#8221;][vc_column width=&#8221;2\/3&#8243;][vc_column_text]If you decide not to join the Local Government Pension Scheme (LGPS), you could just depend on the State Pension .\u00a0 However, this alone is unlikely to provide you with enough income\u00a0to 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 [\/vc_column_text][\/vc_column][vc_column el_class=&#8221;siderow&#8221; width=&#8221;1\/3&#8243;][vc_column_text el_class=&#8221;boxblue&#8221;] State benefits Find details on state benefits and pension, and how to get a state pension forecast Gov.uk [\/vc_column_text][vc_column_text el_class=&#8221;boxblue&#8221;] Money Advice Service An impartial service, set up by the Government to give free an unbiased advice.\u00a0 You&#8217;ll find some great budget planners and other tools. Money Advice Service [\/vc_column_text][vc_column_text el_class=&#8221;boxred&#8221;] Got a question? Get in touch with us.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":128,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are my Options? - Cardiff and Vale Pension Fund<\/title>\n<meta name=\"description\" content=\"If you decide not to join the Local Government Pension Scheme (LGPS), you could just depend on the State Pension.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cardiffandvalepensionfund.org.uk\/non-members\/what-are-the-alternatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are my Options? - Cardiff and Vale Pension Fund\" \/>\n<meta property=\"og:description\" content=\"If you decide not to join the Local Government Pension Scheme (LGPS), you could just depend on the State Pension.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cardiffandvalepensionfund.org.uk\/non-members\/what-are-the-alternatives\/\" \/>\n<meta property=\"og:site_name\" content=\"Cardiff and Vale Pension Fund\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-29T08:38:19+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cardiffandvalepensionfund.org.uk\/non-members\/what-are-the-alternatives\/\",\"url\":\"https:\/\/www.cardiffandvalepensionfund.org.uk\/non-members\/what-are-the-alternatives\/\",\"name\":\"What are my Options? 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