The option to buy Additional Pension Contributions (APCs) was introduced for the new LGPS from April 2014. APCs replace the previous additional contributions known as ARCs (Additional Regular Contributions).
A member can purchase any amount of additional pension up to a maximum amount each year which is increased each April by Pensions Increase Orders. The maximum additional pension purchase limit for 2019/20 is £7,026 from 1 April 2019.
There are 2 types of APCs:
Both types of APCs use the same factors for calculating the cost and are payable in the same way. Please see the below factsheets for more information.
Within the factsheets you will see a link to a quote modeller / calculator. The direct link can also be found here.
Strike and Buying Lost Pension
Please tell us if any of your employees have been on strike by completing the spreadsheet here and email it to us.