Members will get a benefit statement if:
- they paid contributions into the Scheme between 1 April 2021 to 31 March 2022
- they’re deferred members – they’re no longer paying contributions to the Scheme but had funds invested at the end of the previous financial year.
Members who joined the Scheme after 31 March 2022 won’t get a benefit statement for the Scheme year ending 31 March 2022. They will get their first benefit statement next year for the Scheme year ending 31 March 2023 – however, they can see their fund value at any time by logging in to their member account.
Employees won’t get a benefit statement if:
- they have left the Scheme with a fund value of zero
- their pension savings have been disinvested.