Your pension is paid on the 15th of each month. If the 15th falls on a weekend or on a bank holiday, it will be paid the previous working day.
Month | Pay Date |
April 2022 | Thursday 14th |
May 2022 | Friday 13th |
June 2022 | Wednesday 15th |
July 2022 | Friday 15th |
August 2022 | Monday 15th |
September 2022 | Thursday 15th |
October 2022 | Friday 14th |
November 2022 | Tuesday 15th |
December 2022 | Thursday 15th |
January 2023 | Friday 13th |
February 2023 | Wednesday 15th |
March 2023 | Wednesday 15th |
The Fund will never call members to ask for their bank details. If we have any questions about bank details we would email or write to you. Similarly we do not accept bank detail changes over the phone. You can find out more about pension scams and keeping you pension safe on our scams page.
If you want to change the account your pension goes into, you must either:
We cannot accept change to bank details over the phone for security purposes.
Be aware that payroll closes approximately 1 week before your pension is due to be paid (normally 15th of the month). As such, if your bank details are given later than this your pension will be paid into your old account, rather than the new one. Pension payments will then be paid into your new account from the following month.
The Fund does not issue monthly payslips. Payslips are only issued:
If you wish to check your payslips you can do so online with My Pension - our secure online service which gives you instant access to information on your pension.
Once we have received all your retirement paperwork we will process your pension for payment. Pensions are paid on the 15th of each month, with payroll closing around 1 week before. So your first payment will depend when we receive your paperwork.
If you are getting a lump sum, this will be paid around 10 working days after we receive your paperwork.
With this article, we aim to delve behind the scenes into how exactly we keep the wheels of the Fund turning.
My Pension is a useful resource for keeping up to date with your pension pot.
With Earth Day approaching on the 22nd April, the Fund is considering it’s impact on the wider environment.
The new tax year which starts on 6th April, often brings about annual pension changes.