Pension Payments
Pension Payments
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 on the previous working day.
Pay Dates
| Month | Pay Date |
| April 2025 | Tuesday 15th |
| May 2025 | Thursday 15th |
| June 2025 | Friday 13th |
| July 2025 | Tuesday 15th |
| August 2025 | Friday 15th |
| September 2025 | Monday 15th |
| October 2025 | Wednesday 15th |
| November 2025 | Friday 14th |
| December 2025 | Monday 15th |
| January 2026 | Thursday 15th |
| February 2026 | Friday 13th |
| March 2026 | Friday 13th |
Protecting Your Pension
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 your pension safe on our scams page.
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Changing Bank Details
If you want to change the account your pension goes into, you must either:
- update your bank details securely online via My Pension+, or
- write to the Fund providing us with your National Insurance number and new bank details, or
- complete a Bank Mandate form.
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.
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Payslips
The Fund does not issue monthly payslips. Payslips are only issued:
- In April to confirm any pensions increase
- If there is a change in the net worth of your pension by £0.50 or more
- If your tax code changes and this affects your pension net worth
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.
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First Pension Payment
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 on 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.
Latest Updates
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The Retirement Planner available on the My Pension+ portal can give us a clearer picture of how our finances in retirement could look.
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The consultation period for the Annual Accounts is now open and will run from 23 June 2025 to 14 July 2025.
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The North East Scotland Pension Fund will publish the unaudited Annual Accounts for the financial year 2024/25 on 23 June 2025.
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The cost of living has been steadily increasing, which in turn has put pressure on many household incomes.
