How and when is my pension paid?

Your pension is paid directly into your bank account, using the bank's automated clearing system (BACS).  Your pension will be paid on a monthly basis and is taxable.

2017-2018 Pension pay dates

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Your pension will be paid on the last working day of every month as follows:

  • 28 April 2017
  • 31 May 2017
  • 30 June 2017
  • 31 July 2017
  • 31 August 2017
  • 29 September 2017
  • 31 October 2017
  • 30 November 2017
  • 29 December 2017
  • 31 January 2018
  • 28 February 2018
  • 29 March 2018

If you live abroad it may take a few extra days for your pension to clear into your overseas bank account, therefore it is likely that your pension will be received a few days after the dates specified above.

You will receive a P60 at the end of each tax year, which will show you the amount of pension you have received and the tax deducted.

For information on payslips please view when will I receive a payslip.

Our Jargon Buster may help with pensions terminology.