About my pension
The Aptia payroll team looks after your benefit payments and issues P60s. You can see all your payslips and P60s by logging in to Aptia’s online member portal, OneView.
Most members are paid on the 15th of the month. If your payment date lands on a weekend or a bank holiday, you’ll be paid on the previous working day.
It’s important you keep your bank account details up to date. You can find out how to do this on the ‘need to update us?’ webpage.
Your pension will increase each year to reflect inflation.
Pensions payable from the Scheme are reviewed in April each year. The amount they are increased by is based on the Retail Prices Index (RPI) for the 12 months up to the previous September.
Pensioner members will receive a personalised letter before each year’s April pay day, explaining exactly how much their pension will increase by.
The headline pensions increase for April 2025 will be 2.7%. This is in line with the increase in the RPI for the 12 months up to September 2024.
Why has my pension not received the full increase?
You might not receive the full increase if:
- your pension has been in payment for less than 12 months. The increase will be applied on a pro-rata basis (that is, in proportion to how long your pension has been paid).
- you have a Guaranteed Minimum Pension (GMP). You may have this if you built up pension in the Scheme between 6 April 1978 and 5 April 1997. Different increases apply to the GMP part of your pension.
- you have any Equivalent Pension Benefit (Graduated Retirement Benefit) from contributions made before 1975; this pension does not increase.
Your pension from the Scheme is taxed as income under Pay As You Earn (PAYE). Our Scheme Administrator, Aptia, deducts the tax before paying your pension. Aptia receive the tax codes to apply to your pension payments from HM Revenue and Customs (HMRC). Your tax code may change from time to time.
You can check which tax code HMRC has on record for you by creating or logging in to your personal tax account via the gov.uk website. You can also see which tax codes have been applied to your previous pension payments by viewing your payslips on OneView. If you need to check what tax code Aptia hold for you, you’ll need to contact Aptia.
If you think your code is wrong, or you have any questions, you’ll need to contact HMRC directly. Aptia must accept the tax codes that HMRC sends to Aptia each month, and Aptia is not able to change the tax code for you or contact HMRC on your behalf.
You’ll find all your important documentation by logging in to Aptia’s online member portal, OneView, such as:
- your monthly payslips
- your latest P60 (in an HMRC-approved format)
- your pension increase letter.
You can also view your personal tax account by registering on the HMRC website.
Log in to OneViewIf you were a Gas Board worker in the 1960s or 1970s, paying into a pension, you may have EPB.
EPB is payable when you reach 60 (women) or 65 (men).
