Paying your pension every month is our main aim. Your pension payslips and P60s are available for you to view and download on the member portal. Just log in and find all the information you need.

Changing your bank details

We’ll pay your pension directly into your bank account. If you change back details, it’s vital you let us know in plenty of time. You can do this on the member portal – just log in. If you wish to have your pension paid into an overseas bank account, you can download a Western Union overseas bank mandate from the portal by specifying the relevant country.

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Pension payment dates

You can find a list of the pension payment dates for the year here. These are updated every April.

  • The pension payment dates for the 2021/22 financial year

    MonthPayment date
    April 2021 30 April 2021
    May 2021 28 May 2021
    June 2021* 30 June 2021
    July 2021 30 July 2021
    August 2021 31 August 2021
    September 2021* 30 September 2021
    October 2021 29 October 2021
    November 2021 30 November 2021
    December 2021* 23 December 2021
    January 2022 31 January 2022
    February 2022 28 February 2022
    March 2022* 31 March 2022

*If you're paid quarterly, your pension payments will be made on these dates.
You should receive your annual Payslip shortly before 30 April.

Pension payslips

A monthly payslip is available to view or download on the member portal. We also produce an annual payslip in April each year to show any pension increase that is applied for the year ahead. We also issue a payslip if your net monthly pension changes by £1 or more.

Understanding your payslip PDF Sections A & B | Section C
Understanding your P60 PDF DOWNLOAD

Pension increases

We apply any annual increases to pensioner payments on 1 April each year. The increase you get will depend on the BTPS section you’re a member of and the pension option you chose at retirement. The increases are linked to either the Consumer Prices Index or Retail Prices Index which are government indexes capturing rises or falls in the cost of living. If you chose a pension increase exchange option at retirement, then any percentage annual increase will only apply to part of your pension.

Historic pension increase rates

  • Section A members

    YearPension increase rate
    April 2021 0.5%
    April 2020 1.7%
    April 2019 2.4%
    April 2018 3.0%
    April 2017 1.0%
    April 2016 0%
    April 2015 1.2%
    April 2014 2.7%
    April 2013 2.2%
    April 2012 5.2%
    April 2011 3.1%
  • Section B members

    YearPension increase rate
    April 2021 0.5%
    April 2020 1.7%
    April 2019 2.4%
    April 2018 3.0%
    April 2017 1.0%
    April 2016 0%
    April 2015 1.2%
    April 2014 2.7%
    April 2013 2.2%
    April 2012 5.2%
    April 2011 3.1%
  • Section C members

    YearPension increase rate
    April 2021 1.2%
    April 2020 2.2%
    April 2019 2.7%
    April 2018 4.1%
    April 2017 2.5%
    April 2016 1.2%
    April 2015 1.6%
    April 2014 2.7%
    April 2013 3.1%
    April 2012 4.8%
    April 2011 4.8%
    April 2010 2.4%
    April 2009 0.9%
    April 2008 4.0%
    April 2007 4.4%
    April 2006 2.2%