Pensions in payment: Your annual pension increase

23 April 2021

We’re pleased to tell you that your annual pension increase has been applied with effect from 1 May 2021.

The increase you will receive is based on the change in the Retail Price Index (RPI) over the 12 months to 31 December 2020, which was 1.2%. Please note your pension may not receive the full increase of 1.2%, we have provided further information in your pension increase letter.

Your pension increase letter is now available to view online, please log in to the M&S Pension Scheme Portal. Look for My Details and click on My Mailbox.

You can also view your payslips and P60s for 2020/21 on the Portal, by clicking on the links under My Pension.

To register to use the portal, go to the M&S Pension Scheme Portal and click 'Register'.

If you need help with registering or resetting your login, take a look at our ‘how to’ guides here.

We will begin posting pension increase letters from Friday 23rd April.

Need to contact us?

This is a busy time for the Pensions Administration Team and it's likely it will take you longer to get through on the phone. Please think about whether your query is urgent or if it could be answered by email, through the Scheme website or within the Portal instead.