We are currently sending pension savings statements to members whose pension benefits have increased by more than the standard annual allowance.
The annual allowance is the maximum amount of tax-free growth an individual’s pension can grow by in one year.
If you have exceeded the annual allowance and you have pension benefits in both the 1995/2008 Scheme and 2015 Scheme you may receive two statements, one for each Scheme.
Statements are being sent out in batches so will arrive separately and most likely at different times.
We expect all statements should arrive by 6 October 2022.
We’re unable to advise when your individual statement/s will be dispatched. If you’re expecting to receive a statement and haven’t received it by the 6 October 2022, please contact us.
You can find more information on the annual allowance and pension savings statements on our annual allowance webpage.