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This is your guide to the benefits you may be entitled to as a member of the alpha pension scheme
From 6 April 2024, the Government will abolish and replace the Lifetime Allowance (LTA) with two new allowances.
Section 01
This is your guide to the benefits you may be entitled to as a member of the alpha pension scheme.
The Civil Service pension arrangements give you opportunities to take control of your retirement planning and build up additional retirement income.
Section 02
Planning for your retirement is important.
As an active member of alpha, you build up a pension based on your pensionable earnings each Scheme year.
Section 03
Scheme membership usually spans many years, and from time to time your personal circumstances can change.
These changes could be anything from having a baby, to getting divorced, or having a break from employment and it’s important to think about the impact these life events can have on your pension benefits.
Section 04
Not everybody stays in the Scheme until they retire. When you leave, the benefits you’ve built up will depend on how much qualifying service you have in the alpha pension scheme, including service you’ve transferred in from another Scheme.
Section 05
In this section you’ll find various ways you can access your pension benefits at full retirement, partial retirement or due to ill-health.
This guide uses as little jargon as possible but where specific technical terms have been used, they’ve been explained in plain English.
Section 06
This section outlines the main benefits that’ll be available to your dependants and other people you’ve nominated when you die.
It outlines the pensions and lump sum payments that can be made, and what you need to do.
Section 07
This section outlines some important things you need to know about your pension. It includes a brief overview of the main tax rules that apply to pensions and explains how you might be affected by them.