Pension Increase 2015?

[andyP]

Hi, does anyone know what the increase in % will be for this year (2015).

Thanks in advance.

[baldrick]

I don't know for sure . I think it is based on the Consumer Price Index (CPI) rate of inflation in the previous September. And that was 1.2%, so I think that is what we should be getting.

[easter bunny]

Pension increases for section C is paid at the previous Septembers RPI rate which was 2.3%
Section A/B is paid at the CPI which was 1.2%.

[ethicalpeter]

I think Easter Bunny's response sounds quite reasonable to me. What I would like to know when we will receive letters confirming this. I can't remember. I need to talk to HRMC on how I would like my tax code distributed, my annual event!!

Thanks

[RobertT]

You should get your letter at the end of March.
http://royalmailpensionplan.co.uk/41/pension-increases" onclick="window.open(this.href);return false;

[zurdo]

I'm section A/B and my letter from pensions states my increase will be 2.04%.

[zurdo]

Sorry meant say I'm section C. D'oh!