Pensions news | Oxfordshire County Council

Pensions news

News and information on the Oxfordshire Pension Fund.

Pensions in payment 

We will apply an increase of up to 1% to pensions in payment from 10 April 2017.

The pensioner’s annual newsletter and the annual newsletter for fire fighters are on the website now.

Active members  - those contributing to the LGPS had their ‘active pension accounts ‘ revalued by 1% on 31 March 2017.

LGPS: Pensions for co-habiting partners

Please note: If you are currently a member of the LGPS, and you have a co habiting partner, and you are not an elected member of a local council, you do not have to complete a form to declare your partner for a pension after your death. However, you and your partner must meet the rules for an entitlement.  More information (pdf format, 102Kb)

Deadline approaching

Declaring annual allowance charges for tax year 2015 to 2016

Pension scheme members, remember it is your responsibility to declare the annual allowance charge on your self-assessment tax return.

Pension scheme members who exceeded the 2015 to 2016 annual allowance and do not have sufficient unused annual allowance to carry forward from previous tax years have to pay a tax charge.

It’s really important that these members declare their 2015 to 2016 annual allowance tax charge on their self-assessment tax return.

The deadline for submitting the 2015 to 2016 Self-Assessment tax return is 31 January 2017.

Find out more information about the annual allowance and paying the annual allowance tax charge on GOV.UK.

Vacancy for a scheme member representative

We currently have a vacancy to the Board for an individual who can represent scheme members.

Find out what is involved and who to contact details are on the Local Pension Board page.

Change of address for the pension services

From 10 April 2017, our new address is 

4640 Kingsgate
Cascade Way 
Oxford Business Park South
Oxford
OX4 2SU 

Our phone number and email address remain the same. 

Please contact us to make an appointment if you are considering a visit.               

Brexit and the impact on your pension

We have received a number of queries from scheme members asking how the vote to leave the EU will affect their pension. As the pension benefits for the LGPS are determined by statute there is no impact on the pension you are entitled to receive.

2016 Annual benefit statements

This year your statement shows the pension value at 31 March 2016.

Where you have membership before 31 March 2014, your statement will pick this up and give it a current value  linking to your whole time rates of pay for the past year. Added to that is  the value of the pension built up in the career average scheme. The new scheme uses your actual pay over the year.  Two different ways of defining ‘Pay’.

These statements  rely on the information we receive from every fund employer, during the whole year and at year end.Without the complete information we cannot comply with the statutory timetable to supply a benefit statement to scheme members.

Communications for employers

Communications, news and updates for employers including Talking Pensions newsletter.

Last reviewed
16 June 2017
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