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Becoming a member of the Legal Aid (Scotland) Pension Scheme
All new employees of Scottish Legal Aid Board (SLAB) are automatically enrolled in the Post 2010 section of the Legal Aid (Scotland) Pension Scheme (LA(S)PS) as long as they’re aged between 16 and 75 and aren’t already receiving a pension from the Pre 2010 section of the LA(S)PS.
A valuable benefit
Membership of the scheme is a valuable benefit. It’s a defined benefit scheme and after 2 years of qualifying service, you’ll be entitled to receive a pension payable for life when you retire.
Both you and your employer contribute towards the cost of your pension. Deductions are taken directly from your salary by your payroll department and you receive tax relief on your contributions.
How the scheme works
The LA(S)PS is a final salary scheme which allows you to accumulate either 1/80th or 1/60th of your pensionable earnings, depending on which section you are in, each year you’re employed by the SLAB.
The scheme also has a number of other benefits for qualifying members, including:
- The option to give up some of your pension for a tax-free lump sum in retirement
- A range of benefits for your dependants should you die
- Early retirement options should you become too ill to work
Topping up your pension and transferring in
The LA(S)PS also offers a number of ways to increase the value of the pension you’ll receive in retirement.
Although new members are automatically enrolled, you can opt out of the scheme.