Charges

PSPA Charging Schedule

From the 1 December 2021 the Public Sector Pensions Authority (PSPA) introduces the increase in charging for certain administrative functions carried out by the PSPA via Public Sector Pensions Authority Administration (Fees) Order 2021.

Further information on the charges can be found in the Schedule of Charges.

Pension Benefit Estimates

Annual Benefit Statements will continue to be provided free of charge.

A charge of £70 will apply to each, multiple or ad-hoc and additional requests (within 12 months).

There will be no charge to those members who have agreed a resignation date with their employer or who are considering redundancy.      

All requests for Estimates must be requested using the Pension Benefit Estimate Request Form.

Request for Cash Equivalent Transfer Values or CETV

First request for a CETV is Free.

Second request within 12 months is charged at £275.

All requests for CETV Estimates must be requested using the appropriate Transfer Out Request Form for your scheme:   

• Unified Scheme: Transfer Out Request Form
• Police Schemes 1991 and 2010: Transfer Out Request Form
• Teachers Scheme: Transfer Out Request Form

Pensions and Divorce or Dissolution

The PSPA will also make a charge for the administration of any Pension Sharing or Earmarking Orders.

For further information please see the PSPA Divorce and Dissolution Guide.