Under the LGPS 2014 scheme you can exchange some of your annual pension into additional tax-free cash. For every £1 of pension you give up you will receive £12 of tax-free cash (subject to HM Revenue and Customs limits).

The option to exchange annual pension for additional lump sum will be provided at retirement. Alternatively you can use the online benefit projectors provided through "my pension ONLINE" to find out the maximum tax-free cash sum that is payable. 

If you have LGPS membership prior to 1 April 2008 you will have built up an automatic tax-free lump sum which will become payable at the point you retire.