Each quarter you will receive a payslip detailing the money that is due to credit your account. Your payslip will include details including your name, address, Payroll Number, National Insurance Number, the period that the payment is in respect of and the Tax Code that has been used. These details should be checked each quarter to ensure the information we are using is up to date. Please let us know if anything needs changing by contacting our Payroll Department (remembering to quote your Payroll Number).
Your payslip will then detail the gross pension that is due to you, the tax that is being deducted and the net payment that will credit your nominated bank / building society on the due date. Your payslip will also show the taxable pay to date and the tax paid to date in respect of your pension in the current tax year. Payslips will normally be received by the date of payment.
Further information regarding tax codes can be found at www.hmrc.gov.uk or by telephoning our Tax Office on 0845 302 1414.