Thursday, 08 September 2011 14:56
If you are retiring as a member of the Teachers' or NHS scheme we would like to help you prepare by highlighting that pensions are paid on the last banking day of each month into your nominated bank account. Depending upon your date of retirement your first pension payment may only be for a part month. Further information
With regard to taxation issues we would advise that you contact HMRC to inform them that you are to be in receipt of a pension from the SPPA.