Pension increases

After your pension comes into payment it may increase each year based on inflation. We’ll send you a letter to tell you if you are eligible and how much you will get. We will pay your increase to you automatically on the next payment date after you get this letter. The payment may include a small amount of arrears if the payment date is after the date the increase comes into effect. This will be shown separately on your payslip as ‘Pension Adjust’. If your total yearly pension isn’t eligible for annual increases, unless your tax code changes, we will continue to pay the same amount into your bank account every month.