Latest news & announcements

Your Annual Pension Benefit Statement 2019 is on its way

If you are paying into the local government pension scheme (LGPS) you will receive an Annual Pension Benefit Statement from the Avon Pension Fund by the end of August.

It shows the pension you have built up to 31 March 2019 as well as a future projection of your benefits if you remain paying into the scheme to your Normal Pension Age (NPA). This is the age you would retire and take your benefits without any reduction to your pension.

The statements will be posted out to you from mid to late August.

Telling HMRC about pension tax charges on the SA100 tax return

HMRC have received feedback that pension scheme members are not sure how to give them details if more than one pension scheme is paying an amount of their annual allowance charge or overseas transfer charge.

How to tell HMRC about pension tax charge

The ‘additional information’ box previously at box 21, page Ai4 on the 2018 version of the SA101 for 2019 has been removed. Instead for 2019, pension scheme members should provide the additional details in the ‘any other information’ box on page TR7 of the 2019 SA100 Tax Return.

Members can find more information about how to tell HMRC about pension tax charges on their Self Assessment return in the HS345 Self Assessment helpsheet for 2019.

Unison ShareAction report on responsible investing in the LGPS

All LGPS funds are required to publish an Investment Strategy Statement. This statement explains the Fund's investment strategy, how it manages all relevant investment risks and how it carries out its stewardship responsibilities. Unison commissioned a report to review and analyse the statements which can be accessed below. The report highlights the proactive strategy the Avon Pension Fund has for responsible investing.

PDF iconUNISON / ShareAction - LGPS Responsible Investment Report 2019

Changes to the LGPS

There have been recent changes to the Local Government Pension Scheme (LGPS) following the introduction of the LGPS (Miscellaneous Amendment) Regulations 2018 which came into force on 10 January 2019.

Changes to survivor benefits for same sex spouses and civil partners

A change to the scheme rules has been made to provide that survivor benefits payable to a same sex spouse or a civil partner are equal those paid to the widow of a male member. 

No deal scenario Brexit guidance

On 15 February 2019, the Department for Work and Pensions updated two sets of guidance explaining the rights of UK nationals in the EU, and EU citizens in the UK, to benefits and pensions if the UK leaves the EU without an agreement (a 'no deal' scenario).

The guidance confirms in respect of both parties that “There is nothing in UK private occupational pensions legislation that prevents occupational pension schemes from making pension payments overseas. We do not expect that this will change as a result of the UK withdrawing from the EU.”

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