In this second instalment of our Pensions Awareness Week series, we are joined by Steve Grange from Anns & Grange Associates to break down everything you need to know about your police pension scheme, whether you're just starting out or counting down the years to retirement.

Police pension schemes can be confusing, especially with three different schemes in play: the 1987 scheme, the 2006 scheme, and the current 2015 CARE scheme. Steve walks us through the key differences between these schemes, helping you understand what you may be entitled to.

We also dig into some of the big decisions officers face along the way. What is pension commutation and when might it make sense for you? How do police pension contributions actually work and is it worth making voluntary contributions? We also tackle what happens if you opt out of your police pension and the long-term implications of doing so.

Whether you're early in your career and planning ahead, or close to retirement and considering your options, you'll finish this episode knowing all the key details to get you started. We hope you enjoy!

🔗 Useful links from the episode:

Budgeting Calculator: https://serveandprotectcu.co.uk/save/budget-planner/
Pension Webinars: https://serveandprotectcu.co.uk/education/webinars/
Steve's Email: steve.grange@sjpp.co.uk
Added Pension Contributions: https://www.mypension.com/police/how-the-scheme-works/paying-in/your-contributions/contributions-2015-scheme#paying-more-added-pension

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🌐 Serve and Protect Website: https://sandpcu.co.uk/yt-podcast
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Serve and Protect Credit Union Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority & Prudential Regulation Authority under registration number 213306.

Don't forget to subscribe or follow to never miss an episode. Thank you in advance, see you next time!

Website: https://sandpcu.co.uk/podcast
Social media links: https://bit.ly/m/serveandprotect