Joining the Civil Service Pension Scheme
A career in the Civil Service offers you a range of opportunities and benefits, along with your salary, your pension is also important. It provides you with financial security and options when you retire, as well as benefits for your family and loved ones.
Some of the benefits of a Civil Service pension include:
- member contribution rates among the lowest in the public sector
- tax relief on your contributions
- generous employer contributions
- a secure, inflation-proof pension for life, with no investment uncertainty
- the option of tax-free lump sum on retirement
- potential access to ill health and injury benefits if you become too ill to work
- life assurance cover
- benefits for loved ones and dependants
- options to increase your pension
- keeping all your pensions in one place by transferring in a pension you have built up elsewhere
- support from our trusted charity partners
alpha pension scheme
If this is the first time you’ve worked for a public sector employer, you’ll be able to choose between alpha (a ‘career average’ scheme) and partnership (a ‘defined contribution’ arrangement). In alpha your pension builds up quickly when you add your member contribution to your generous employers contribution. For example, if you earn between £23,101 and £45,500, you will contribute 5.45% of your salary and your employer will contribute 27.1%, meaning for every £1 you contribute, your employer will contribute almost £5.
How much could you receive?
If you earned £22,000 for 20 years, you could have an annual pension of £10,208 or £6,562 pension and a tax-free lump sum of £43,748.
After 40 years, this could be an annual pension of £20,416, or £13,124 pension and a tax-free lump sum of £87,497.
The partnership pension account is managed by Legal & General. The money that you and/or your employer pay into your plan builds up your pension pot. Your pension pot is invested in one or more of Legal & General’s investment funds. The aim of an investment fund is to grow the value of your pension pot but this isn’t always guaranteed. You can decide what to do with your money, and how you take it from age 55, whether or not you’ve stopped working.
Increasing your pension
A Civil Service pension allows you to nominate a beneficiary (including charities) for a tax-free lump sum in the event of your death.
Some of the other benefits a Civil Service pension offers your loved ones and dependants include:
- A spouse/partner/civil partner’s pension
- A death benefit lump sum
- A children's pension
- A Widow’s or Widower’s (WPS) refund
- Life assurance cover
- Support from our trusted charity partner