Your online Payslip

This section is the breakdown of your pension for the month you’re viewing.
payslip
  1. The gross monthly pension you’ve been paid before any increase applied or tax deducted.
  2. Any statutory increase applied to your pension by Teachers’ Pensions.
  3. The gross pension you’ve been paid after any increase has been applied.
  4. Your tax code – which is set by HMRC and determines the amount of tax you pay.
  5. The amount of tax deducted from your pension – as determined by your tax code, subtract this from your annual pension to determine your net pension for the year.
  6. The actual value of your pension paid for that month – this is your net pension as it’s had tax deducted from it.