If you are receiving your pension, this is usually increased each year to take into account the cost of living.
You will rreceive the annual increase to your pension if you:
- are aged 55 or over
- retired on ill health grounds
- are receiving a widow's, widower's or child's pension
If you do not fall into one of these groups, do not worry. When you reach your 55th birthday we will recalculate your pension, taking into account all of the increases that you have missed. Your new rate of pension will be paid from that point onwards.
We will write to you at your home address explaining your increase in full, together with a payslip and your P60.
Pensions Increase payable from April 2015 is 1.2%.
Further information regarding this years increase can be found at the folowing website: Treasury Guidance