When will my yearly NHS Pension increase?

An increase to your pension is payable if you’re over age 55 or are receiving:

• an ill health pension
• an adult dependant’s pension
• a children’s pension
• injury benefits

The annual increase is based on the Consumer Prices Index (CPI). This is set by HM Treasury every year.

Visit the GOV.UK website for information on the yearly increases. 

Pensions increase (PI) will be applied on the first Monday on or after 6 April each year.

You’ll receive an Advice of Payment (AOP) detailing your new rate and percentage increase in your April and May payments. We cannot advise you of the PI value before April. 

If your pension started part way through the year, you may receive a lower percentage increase for the first year.

Read more information about PI on our website.

Lump Sum Allowance (LSA)

Your first pension increase may not be paid if you've:

• used up 80% or more of your lifetime allowance (LTA)
• received a lump sum of £200,000 or more on or after 6 April 2024
• got a Transitional Tax-Free Amount Certificate (TTFAC) or any other LTA protection certificate

We’ll contact you if any of these apply before paying your PI.

If we've not contacted you by the end of April, contact us so we can review your details.