How do I log into my pension account?
Login Instruction
- Enter valid User Name.
- Enter valid Password.
- Enter Security Code.
- Click on Login Button.
What type of pension is Lothian Pension Fund?
Local Government Pension Scheme
When can I access my pension fund?
Once you reach your 55th birthday (57 from 2028) you can withdraw all of your pension fund. You can take up to 25% as a lump sum without paying tax, and will be charged at your usual rate for any subsequent withdrawals.
Can I withdraw from my premium pension account?
The RSA is similar to a bank account except that no contributor can withdraw money from the RSA before his/her retirement. The PFA is required to invest the money and issue statements of account at least once every quarter to the contributor or on demand.
Can I cash in my LGPS pension at 55?
You can take your LGPS pension at any time from age 55 to 75, as long as you have met the two-year vesting period. You must take your pension by age 75. If your employer agrees, you can even take your pension without leaving your job – this is called flexible retirement.
How does Lothian pension fund work?
The amount of pension you earn in a Scheme year is worked out each year and added to your pension account. The total amount in your pension account is revalued at the end of each Scheme year so your pension keeps up with the cost of living. The L G P S is very secure because the benefits are set out in law.