Pensions in payment annual increase

Under the Rules of the BBC Pension Scheme, pensions in payment are reviewed each year and guaranteed increases are awarded on 1 April.  Increases are based on the Retail Prices Index (RPI) or Consumer Prices Index (CPI) for the previous calendar year ending 31 December, subject to a cap.

The published RPI for the calendar year ending 31 December 2025 was 4.2% and the CPI was 3.4%.

CAB 2011 Members

Pensions in payment are guaranteed to increase by the lower of CPI and 4%.

Old Benefits, New Benefits and CAB 2006 Members

Pensions in payment are guaranteed to increase by the lower of RPI and:

• 10% for Old Benefits pensions;
• 5% for New Benefits pensions; or
• 2.5% for CAB 2006 pensions

If you started to receive an Old Benefits or New Benefits pension in the last year you may receive a proportion of any increase awarded, to reflect the number of complete months from the time you left service to 1 April.

NOTE: Old Benefits members who elected to participate in the Pension Increase Exchange (PIE) exercise receive future increases only on the non-exchanged element of their pension.

Pension increase letters and P60s

We’ll tell you about the increase in your pension in April.  If you are registered with myPension Online look out for an email from the BBC Pension and Benefits Centre in the first week of April to let you know that your Pension Increase letter and P60 are available for you to view online. The email will come from mypension@newsletters.bbc.co.uk.  If you don’t see it in your inbox by 6 April 2026, please check your spam/junk folder. All pensioners will be able to see their pension increase letter and P60 by 6 April 2026 by logging in, clicking on the “View your documents and statements” link at the bottom of the home page and looking for the document named “2025-26 P60 and 2026 pension increase letter”.

Please note that if you are registered for myPension Online you will not also be sent a paper copy.  If you do not have a myPension Online account your pension increase letter and P60 will be posted to your home address later in April.  The fastest way to find out about your pension increase is to register for myPension Online by going to mybbcpension.co.uk and clicking on the “Create account” button. 

With myPension Online, as well as faster access to your P60 and details of the increase in your pension, you can tell us about any changes of address or contact information, or change the bank account that your pension is paid into.  You will also have access to your pension payslip information, previous years’ annual pension increase letters and P60 statements, and information about your tax code.