Pensioners
Main Points
- Pension payslips for SPS pensioners are posted on the Hartlink website each month and benefit payments made on the 15th of each month.
Pension payslips for SPS pensioners are posted on the Hartlink website each month and benefit payments made on the 15th of each month.
When you retire and your benefits are in payment, a payslip will be posted on the Hartlink website each month telling you what you will be paid for that month. The payment date each month is 15th although the payslip can be viewed on the Hartlink website before this date.
On your first visit to the Hartlink website you are required to register before you can access your details. This involves selecting a username and password and you will then be provided with a PIN. You can then use these details to access the site on subsequent visits.
Paper payslips are issued in January each year, when increases according to your SPS membership level are applied to pensions. P60s are issued to all pensioners at the end of each tax year also in paper format. Both the January payslips and P60s and are also available on the members' website.
Death benefits
Your SPS pension is guaranteed for 5 years from the commencement date. As an example, should you pass away 3 years after your retirement date a lump sum death benefit equal to the remaining 2 years' pension instalments would become payable. If you have not already, then you should complete an Expression of Wish form informing the Trustee as to whom you wish this benefit to be paid. Please note that this is a non-legally binding document; whilst the Trustee will take your wishes into account, it also has to make its own informed decision based on all evidence available as the payment of any death lump sum is made at the entire discretion of the Trustee.
Eligible spouse, children and/or dependent pensions may also be payable.
Tax queries
All pensions are treated as earned income by the Her Majesty’s Revenue & Customs (HMRC) and may be liable for tax. In assessing how much tax you should pay (if any), HMRC takes into account all taxable income you receive such as your benefits from Reuters Pension Fund, State Pension, other earnings, bank interest, etc. The tax office then advises Capita directly of the correct tax code that should be applied to your pension.
Any enquiries you have in respect of taxes should be directed to HMRC. Contact details are provided below:
HM Revenue & Customs (HMRC)
Phone: 0300 200 3300
Textphone: 0300 200 3319
Outside UK: +44 135 535 9022
Post: Pay As You Earn Self Assessment, HM Revenue & Customs, BX9 1AS, United Kingdom
Frequently asked questions
Pensioners who wish to receive their payslips in paper format each month will need to opt-out of the electronic-only system. They can do so by contacting the Refinitiv Member Services Centre.
If correspondence issued to you is returned to the scheme administrators undelivered, we will try to contact you through registered post. If we are still unable to make contact, we may decide to suspend pension payments until contact can be made. If your payments from the Scheme have stopped, please contact the Refinitiv Member Services Centre as soon as possible. If contact is lost with you and then re-established, full arrears will be paid for the period of the suspension.