Information packs were posted to all members on Monday 23 March, although we are aware that some of you may not have received yours yet. They are on their way to you but as the Royal Mail is struggling with double the level of absentees because of the Coronavirus, many places are experiencing delay in delivering packages that are larger than a normal envelope. This is why some of you will have received your introduction letter from WPS Advisory Ltd but not your packs. Please be assured that this does not mean they have been mis-directed or lost.

At present, the financial advice on offer is not affected by the Coronavirus. Please ‘phone WPSA if you would like a conversation about your pension options – even if you haven’t received the hard copy of your pack yet.


Not received your pack yet?

The state pension

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In addition to the pension benefits you get from the Plan, and any other pension arrangements you have, you will also receive the State Pension. This is a regular income paid to you by the government once you have reached State Pension Age.

The full flat-rate State Pension for the 2020/21 tax year is £175.20 per week, but the amount you receive will depend on your National Insurance Contributions (NICs).

While you were an active member of the Plan, you were contracted-out of the Second State Pension. This meant you paid lower NICs at the time and it will affect the State Pension you receive when you retire.

To make up for it, the Plan pays a Guaranteed Minimum Pension (GMP) for members with pensionable service before the 6 April 1997.

It is important you understand how much State Pension you are entitled to when making decisions about your pension benefits in the Plan – especially if you are thinking of transferring out.

You can find your State Pension entitlement here and your current State Pension Age here