Key dates for you to note

Key Date

What do I need to do?

 By 19 February 2020

Make your application to buy added pension in 2019-20 using a lump sum from your salary

 By 21 February 2020

Make your lump sum payment by cheque to buy added pension in 2019-20

 By 13 March 2020

Make your application to buy added pension or EPA in 2020-21 using monthly contributions from your salary

Lump sum through payroll

You can make a lump sum payment at any time in the scheme year through your salary, unless you have been a member of the scheme for less than 12 months.

If you want to make a lump sum payment in the 2019-20 scheme year, you must send your completed application form to the Scheme Administrator (MyCSP) by 19 February 2020. This is to ensure that the Scheme Administrator can tell your payroll provider in sufficient time to take the payment in the 2019-20 scheme year. If your application reaches the Scheme Administrator after this date, it might not be processed in the current scheme year.

Lump sum by cheque

If you want to make a lump sum payment with a cheque, your cheque made payable to ‘GBS RE CO Civil Superannuation’ and your completed application form must be with the Scheme Administrator by 21 February 2020. If your application reaches the Scheme Administrator after this date, it might not be processed in the current scheme year. Please note that cheques must be sent to the Scheme Administrator and not to your employer or the Scheme Manager (Cabinet Office).

Monthly contributions

Members of alpha cannot buy EPA if they have bought the maximum amount of added pension. There is no limit on how much EPA a member can buy. However, it counts towards the limit of added pension allowed.

Members who wish to buy added pension or an EPA by monthly contributions for 2020/21 must send their completed application form to the Scheme administrator by 13 March 2020.