Payment frequency

With TransPension you can choose how often you want your income payments to be made and change your payments if you want to.
 

Twice monthly

Paid into your bank account by the first and 15th working day of each month.

Monthly

Paid into your bank account by the first working day of each month.

Quarterly

Paid into your bank account by the first working day in August, November, February and May.

Half yearly

Paid into your account by the first working day in June and December.

Annual

Paid into your bank account on or after the first working day of whichever month you choose. Please be aware we cannot make annual payments to Transition to Retirement Pensioners in July or August.

Annual payments for Account Based Pensions requested in July will be paid at the end of the month, due to end of financial year processing restrictions.
 

Changing your payment frequency

You can change the frequency of your pension payments as often as you like, provided that your annual pension payment amounts fall within Government payment limits.