We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

BT Pension (B)

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.

Comments

  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 18,864 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    edited 25 February 2023 at 4:03PM
    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.
    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.

    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/FAQs
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.