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BT Pension (B)
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caveman38
Posts: 1,311 Forumite
Anyone know what the increase will be from Apr. 23. My Personal Tax Statement for the next tax year shows an increase of 3.1% whereas State Pension increases by 10.1%. I thought the increases would be similar.
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Your Personal Tax Account will just be an estimate, HMRC won't know (from the perspective of your individual pension) how much BT Pension you will receive next tax year.caveman38 said:Anyone know what the increase will be from Apr. 23. My Personal Tax Statement for the next tax year shows an increase of 3.1% whereas State Pension increases by 10.1%. I thought the increases would be similar.
But the BT pension website says this,
We pay any annual pension increases in April. For members in Section B, increases are currently in line with the rise in the Consumer Prices Index (CPI).
https://www.btps.co.uk/FAQs1
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