When will I receive my pension and lump sum?

Any new pension award will be paid on the first banking day of each month in advance.  If you retire part way through a month your first pension payment will include any back dated arrears from the date you retired.

Your lump sum payment is payable on your first day of retiral, and will be credited to your account after 2pm on that day.  If your first day of retiral falls on a weekend, your lump sum will be paid on the first available banking day after this.

Link to Scottish Government Website