Overview of Scheme benefits

The Scheme provides members with a range of valuable benefits, which include: 

  • a pension payable when you retire
  • the opportunity to take some of your pension as a tax-free cash sum at retirement
  • the opportunity to save more while you’re working and increase your benefits
  • annual increases to your pension in line with inflation, once your pension is being paid
  • early retirement pension options
  • death benefits (including a spouse’s pension) and ill-health cover.

There’s more information about your benefits in your Scheme booklet, which you can download at MyPension.com/LHPS.