Pension payments

Your pension is paid monthly in arrears on the last traditional working day of the month.

 It is normally paid directly into your bank or building society account by BACS (Bank Automated Clearing System).

 A pay advice slip will be issued to pensioners annually.  At other times we will only issue one if the net amount of your pension varies by £5 or more when compared with the previous month’s payment.

 A Form P60 will be issued to you in accordance with the HMRC deadline of 31 May. This form gives you details of the pension we have paid you and the tax deducted in the relevant tax year.

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