Pension payment dates.

The remaining payment dates for 2024 and 2025 are shown below.


2024

November

31 October 2024

December

29 November 2024


2025

January
31 December 2024
February
31 January 2025
March
28 February 2025
April
31 March 2025
May
30 April 2025
June
30 May 2025

July

30 June 2025

August

31 July 2025

September

29 August 2025

October

30 September 2025

November

31 October 2025

December

28 November 2025

Updating your bank account details.

You can update your UK or overseas bank details by contacting the Pensions Administration Team in writing.  If you change your bank account, we need the new details before the 10th of the month for the change to take effect in time for the next payment.

Tax on your pension.

Your pension is taxable income, so you may have to pay tax on it depending on your personal allowance and other income you may be receiving. If you’re living overseas, you may still have to pay UK tax on your pension. You can find more information on the GOV.UK website.

You can contact the Scheme's tax office if you have any queries about the tax paid on your pension.

Write to:

HM Inspector of Taxes
Chapel Wharf Area
Trinity Bridge House
2 Dearmans Place
Salford
M3 5BF

Tel: 0300 200 3300

The reference you should use when referring to the Scheme is 951/BMP.

Payslips and P60s.

You’ll get monthly pension payslips and a P60 at the end of the tax year confirming the pension you have received and the tax you have paid.

Payslips and P60s are all provided on the Portal unless you’ve opted for paper communications. If you’ve not used the Portal before and need help, go to Manage my pension online.

Paper payslips are only sent out if your pension changes by £10.00 or more and you’ve requested to receive paper communications.

You can contact the Pensions Payroll Team if you have any queries about your payslips.

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