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Pay-dates and pensions increase
The dates you will receive your pension during the current pension scheme year are:
26th April 2024
28th May 2024
28th June 2024
26th July 2024
28th August 2024
27th September 2024
28th October 2024
28th November 2024
18th December 2024
28th January 2025
28th February 2025
28th March 2025
Your pension will increase on the Monday following each 6th April, the start of the new tax year, to help it keep in line with the cost of living. It is based on a measure of inflation called the Consumer Price Index (CPI), at the previous September.
The pensions increase for April 2024 is 6.7%.
You will only receive the full increase if you stopped paying pension contributions on or before 23rd April 2023. If you stopped after this date, the increase on your pension will be lower. See the table below:
| Date stopped paying pension contributions: | % |
|---|---|
| 26th March 2023 to 23rd April 2023 | 6.70% |
| 24th April 2023 to 23rd May 2023 | 6.14% |
| 24th May 2023 to 23rd June 2023 | 5.58% |
| 24th June 2023 to 23rd July 2023 | 5.03% |
| 24th July 2023 to 23rd August 2023 | 4.47% |
| 24th August 2023 to 23rd September 2023 | 3.91% |
| 24th September 2023 to 23rd October 2023 | 3.35% |
| 24th October 2023 to 23rd November 2023 | 2.79% |
| 24th November 2023 to 23rd December 2023 | 2.23% |
| 24th December 2023 to 23rd January 2024 | 1.68% |
| 24th January 2024 to 23rd February 2024 | 1.12% |
| 24th February 2024 to 23rd March 2024 | 0.56% |