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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.

2020-2021 pension pay dates

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

Month

 Pay date

December 2020

 31st December 2020

January 2021

 29th January 2021

February 2021

 26th February 2021

March 2021

 31st March 2021

 

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

Month

Pay date

April 2021

 30th April 2021

May 2021 

 28th May 2021

June 2021 

 30th June 2021

July 2021 

 30th July 2021

August 2021 

 31st August 2021

September 2021 

 30th September 2021

October 2021 

 29th October 2021

November 2021 

 30th November 2021

December 2021 

 31st December 2021

January 2022 

 31st January 2022

February 2022 

 28th February 2022

March 2022 

 31st March 2022

 

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.