Your pension payslips and P60s are available for you to view and download on the member portal. Just register and/or log in to find all the information you need.

Changing your bank details

We’ll pay your pension directly into your bank account. If you change bank details, it’s vital you let us know in plenty of time. You can do this on the member portal. If you wish to have your pension paid into an overseas bank account, you can download and complete an international payment form for the relevant country.

Pension payment dates

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

• Pension payment dates

  Month	Payment date
  January 2023	31 January 2023
  February 2023	28 February 2023
  March 2023*	31 March 2023
  April 2023	28 April 2023
  May 2023	31 May 2023
  June 2023*	30 June 2023
  July 2023	31 July 2023
  August 2023	31 August 2023
  September 2023*	29 September 2023
  October 2023	31 October 2023
  November 2023	30 November 2023
  December 2023*	22 December 2023
  January 2024	31 January 2024
  February 2024	29 February 2024
  March 2024*	28 March 2024

*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.

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

  Year	Pension increase rate
  April 2023	10.1%
  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%

• Section B members

  Year	Pension increase rate
  April 2023	10.1%
  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%

• Section C members

  Year	Pension increase rate
  April 2023	5.0%
  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%