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 2022/23 financial year

    MonthPayment date
    April 2022 29 April 2022
    May 2022 31 May 2022
    June 2022* 30 June 2022
    July 2022 29 July 2022
    August 2022 31 August 2022
    September 2022* 30 September 2022
    October 2022 31 October 2022
    November 2022 30 November 2022
    December 2022* 23 December 2022
    January 2023 31 January 2023
    February 2023 28 February 2023
    March 2023* 31 March 2023

*If you're paid quarterly, your pension payments will be made on these dates.
You'll be able to see your payslip showing any increase online from mid-April. If you receive a paper payslip it will be posted toward the end of April.

Pension payslips

Your monthly payslips are available to view and download on the member portal. Your April payslip will show any annual pension increase that is applied for the year ahead.

Your Payslip Guide 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. Your Payslip Guide above explains how pension increases are applied.

Historic pension increase rates

  • Section A members

    YearPension increase rate
    April 2022 3.1%
    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 2022 3.1%
    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 2022 5.0%
    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%