An updated Monthly Data Collection Guidance Notes and Specification Document is now available. This now includes information in relation to the changes to the Pension Input Period (PIP).

Legislation will change the PIP for all pension schemes to be in line with tax years.  The tax year 2015/16 will be the transitional year in which this will happen.  During 2015/16, this will mean that for Teachers’ Pensions, we’ll need to measure the pension accrual for all members over the period from 1 April 2015 to 5 April 2016.

The document can be found here.