When is my pension paid?
- The first payment will be made at the end of the month after the month you retire. So if you retire on 11 August, your first payment will be on 30 September and will include pension for the period 11 August to 30 September.
- Subsequently, your pension will be paid at the end of every month into your chosen bank or building society account.
- If you are a member of BAMPS, you can choose to have your pension purchased from an insurance company. In this instance, the payment dates may vary.
Lump sum
- If you have elected to take part of your pension as a Lump sum, we will send the payment by the Banking Automated Credit System (BACS) on the first working day after your retirement. The payment will normally reach your nominated UK account within five working days.