Transaction Statement
Added pension, classic, classic plus and premium – You will have a Transaction Statement in your annual benefit statement if you have bought added pension at any time in previous scheme year(s). The Transaction statement will cover a complete scheme year (1 April – 31 March) and the closing balance will always show your added pension balance as at March 31. The statement can only be run once your department’s payroll is finalised for that year, which may be some while after 31 March.
The Transaction Statement will include:
- Opening balance of added pension amounts at the beginning of the previous scheme year, and all transactions during the year, such as:
- Index linking of the opening balance
- Any added pension bought by monthly contributions
- Any added pension bought by lump sum
- Closing balance at 31 March
nuvos – Your Transaction Statement shows the opening balance for your nuvos pension and any added pension you have bought at the beginning of the previous scheme year (1 April – 31 March) plus:
- index linking for the opening balance on your nuvos account,
- index linking on your added pension
- nuvos pension amount earned in year
- any pension transferred in during the year
- Any added pension bought by monthly contributions during the year
- Any added pension bought by lump sum during the year
- Closing balance at 31 March
Return to Benefit Statement page
