In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination. They supported our approach to increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case. We’ve been working on how to implement it.
As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before, after or on your retirement date, and whether or not you take a tax-free lump sum.
Our member website puts you in the driving seat. It gives you the freedom to access and manage information about your benefits and make informed decisions, at a time that best suits you.
Use the easy Benefit Modeller tool on our member website to find out how much you can expect to receive if you choose to start your payments early, late or when they were due from your original pension scheme.
If you’re aged 55 or over you can start your payments at any time between now and your 75th birthday. You can take up to 25 per cent of your PPF benefits as a tax-free lump sum.
The Pension Protection Fund (PPF) has today confirmed it will continue to support levy payers impacted by COVID-19 by offering up to 90 days interest free to pay their 2021/22 levy bill
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