Annual Allowance Guide for LGPS Members 2023/24

A guide to annual allowance for scheme members who have received a Pension Savings Statement (PSS) for the 2023/24 tax year.

This guide takes you step by step through why you have received a PSS and what you need to do next.  It also covers what annual allowance is, how pension growth is measured in the LGPS and how your Pension Input Amount (PIA) is calculated. 

You can also find a series of bite-size videos on this topic on our YouTube channel: www.youtube.com/@essexpensionfund