When can I access my Strathclyde pension?
Can I cash in my Strathclyde pension?
You can take tax-free cash from the LGPS. You would be giving up an index-linked pension for life. And LGPS pensions continue to spouses / qualifying partners on your death.
How do I contact Strathclyde pension?
Call us
- Call us. 0345 890 8999.
- email us.
How do I opt out of Strathclyde Pension Fund?
You can opt out of the LGPS at any time by providing your employer with the opt out form that is available from the Publications > Members > Forms area of our website. It is important to read the For your future leaflet and to seek advice before opting out of the LGPS.
What is the 85 year rule for pensions?
What is the Rule of 85? Member's whose age plus scheme membership (in whole years) equals 85 may be able to take their pension before their Normal Pension Age, without it being reduced for early payment.
Is the rule of 85 ending?
The 85 year rule was designed to help members access their pension from age 60 without all of the early retirement reductions being applied. From 1 October 2006, the 85 year rule has been phased out, but anyone with Local Government Pension Scheme (LGPS) service before this date may still have some protections.
Can I transfer my Strathclyde Pension Fund?
Strathclyde Pension Fund is only able to make cash equivalent transfer values payments when we are satisfied that a transfer has satisfied the Pensions Regulators' Guidance.