The majority of pensions increase annually on 1 May. This happens to both pensions in payment for our pensioner members and for pensions that haven’t yet started to be paid, for our deferred members.
If you are a deferred member, you will be able to view the increased pension here on PensionLine from 1 May.
If you are a pensioner, you will receive a statement by post to your home or registered correspondence address. 2026 pension increase statements will be posted at the end of April.
The statement will incorporate your P60 for the previous tax year. The P60 is an important tax document and should always be retained for future reference.
Additional notes about your Pension Increase statement are available below; please select the relevant scheme.
BP Pension fund
Burmah Castrol Pension Fund
