If you’re currently receiving a pension from one of these sections of the UKRF, it will increase in October:
1964 Pension Scheme
Afterwork
1951 Plan
AP89 Pension Scheme
Barclays Capital Scheme
Woolwich
Under the UKRF rules, your pension increases each year in line with inflation, up to 5%. When working out your increase, we measure inflation on the Retail Prices Index (RPI) over the 12 months to June. This was 11.8%, which means that this year the 5% pension increase limit will apply.
If you’ve been receiving your pension for less than a year, it will receive part of this 5% increase in line with how long it’s been payable.
Look out for an email, postcard or letter in early October for more details – and you’ll also be able to view your increase information on ePA.
You can see how pensions increase in all sections of the UKRF in Increasing your pension in payment.