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The HP Limited Retirement Benefits Plan

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PensionBytesNews, views, and announcements from your Trustee

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Change your password on MyPension

16 Sep 2024
From time to time it’s a good idea to update the passwords you use to access accounts which are personal to you.
Plan news Trustee Image of GMP proposal: confirming our decision

GMP proposal: confirming our decision

12 Sep 2024
We wrote to certain members in May to explain that: we need to address a historical inequality arising from legislation, relating to some Guaranteed Minimum Pension (GMP) benefits in the Plan; and that to do sowe proposed to convert all GMPs into a different form of pension – ensuring that there was no reduction to...
Plan news Trustee Image of Administration update

Administration update

01 Jul 2024
As your Trustee, we are supported by several professional advisers or organisations who are experts in providing specific services.
Plan news Funding Investment Tax & Legislation Trustee Image of Discretionary increases

Discretionary increases

10 Jun 2024
Depending on your communication preference, we recently sent to you either an email or letter about Discretionary increases within the Plan. A copy of the content from this is shown here. 
Tax & Legislation Image of Lifetime Allowance changes explained

Lifetime Allowance changes explained

22 Apr 2024
Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your pensions before having to pay additional tax.
Tax & Legislation Image of Update on the Lifetime Allowance

Update on the Lifetime Allowance

21 Feb 2024
Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000. 
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