We’ll send you a pension slip whenever your pension payment is 25p more or less than usual. If your pension stays the same, your money will still be paid into your account, but you won’t get a slip. If you’re entitled to an increase each year, we will send you pension slips in April and May. If the Chancellor’s Budget affects how much tax you pay, we’ll send you one in June and July too. The pension slip tells you how much we will pay into your bank account and how much tax (if any) has been taken. It also lists any other deductions.