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SW Annuity Payslip

I took out a Scottish Widows annuity some months back. Although I got a P60 (printed) at the end of the tax year, I'm not receiving monthly payslips. Is this right?

Comments

  • Linton
    Linton Posts: 18,481 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    I took out a Scottish Widows annuity some months back. Although I got a P60 (printed) at the end of the tax year, I'm not receiving monthly payslips. Is this right?
    Yes, I dont receive payslips for either of my annuities.
  • dunstonh
    dunstonh Posts: 120,918 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I took out a Scottish Widows annuity some months back. Although I got a P60 (printed) at the end of the tax year, I'm not receiving monthly payslips. Is this right?
    They are often available upon request but typically there is no need as the gross amount will be the same (apart from any annual indexing).  

    For most people, they are a complete waste of time, which is why they stopped issuing them.  The P60 is the only mandatory item.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • ok, thanks both.
  • You can see the gross amount and tax paid on your personal tax account.
  • You can see the gross amount and tax paid on your personal tax account.
    Good point.
  • Wish someone would have a word with Standard Life - monthly postal payslips for an annuity and a pension in drawdown (in separate envelopes, natch).

    No way to turn them off apparently.
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 18,954 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    edited 22 September 2025 at 5:57PM
    Wish someone would have a word with Standard Life - monthly postal payslips for an annuity and a pension in drawdown (in separate envelopes, natch).

    No way to turn them off apparently.
    Maybe someone with a very large shareholding in the parent company (Phoenix?) needs to get involved!
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