Your pension is paid on the first working day of the month. (The exception is your 1 January payment which is usually paid before Christmas, around 19 December.)

Payslips are issued if a member’s net pay differs from the previous month by £100 or more. Members will receive a payslip on retirement, at the end of each month and at the end of each September with their annual pensions increase letter.

Your Plan pension, in excess of your Guaranteed Minimum Pension (GMP), is reviewed on 1 October each year. Any increases due to the GMP you have earned since 6 April 1988 are made on 1 April each year.

If you have any queries relating to the taxation of your pension, including your tax code, please contact:

Pay As You Earn
HM Revenue & Custom
BX9 1AS

Telephone number: 0300 200 3300

Queries about your taxation are confidential and neither XPS nor Mitchells & Butlers can become involved.

Mitchells & Butlers Pension Plan 068 MZ41674

P60s are required to be issued by 31 May each year. For any P60 queries please contact the Payroll Department at XPS quoting your National Insurance number.

Please send a signed letter to: Mitchells & Butlers Pension Plan Administration Team, XPS Administration, 1 Colmore Row, Birmingham B3 2BJ.

Or, if you prefer, you can change your address in writing via email. For your email to be accepted, your email address must include your name or some detail that enables the administrator to identify that the email has been sent by you.

Whether using email or post, please include your full name, date of birth, National Insurance number, new address and old address. Please note that change of address details cannot be taken over the telephone.

Early retirement is available to most members from the age of 55. If you’re interested in taking your pension early, we must receive a written request for a retirement quotation. Your request must include your full name, date of birth, National Insurance number and full address.

You have the option to take a cash sum from the Plan when you retire. It is not possible to take a cash sum and then take your pension later. You have to take your cash sum and your pension at the same time.

The Trustees have discretion to pay any cash sums payable on your death to your beneficiaries. To inform the Trustees of your wishes in this respect, please complete a beneficiary form. You can download a beneficiary form here.

If you retire from the Plan and die within five years of your retirement date, a cash sum payment will be made equal to the balance of the payments you would have received for the remainder of the five years, based on the pension you were receiving at the date of your death.

In addition, if you have children, they will each receive a pension equal to 1/6th of your pension (up to a maximum of two children). The child’s pension will be based on your pension at the date you retired, before any reduction was made because you opted to take a cash sum, but will also include any increases that were awarded to your pension after you retired. If you leave more than two dependent children, the Trustees can choose to split the total amount of pension between the children in such shares as they decide. Children’s pensions are paid until the recipient reaches age 18 or age 23 if they are in full-time education.

The Plan does not offer a drawdown option. You would need to transfer your benefits to another approved pension scheme.

You may transfer your pension rights from the Plan to another suitable pension arrangement, at any time before age 64 and as long as you have not already put your pension into payment.

You can request in writing a statement of your transfer value from the Plan administrator, which, in most cases, will be guaranteed for three months. You can request one statement free of charge in any 12-month period. Additional requests will incur an administration charge.

Your transfer value represents the cash value of your current deferred pension payable from the Plan. It is calculated in accordance with statutory requirements and actuarial advice.

No-one connected with the Plan can you give financial advice, so before proceeding with a transfer you should seek appropriate independent financial advice. If your transfer value is more than £30,000 and you are transferring to an arrangement that may provide you with flexible benefits, the law requires that you take such advice from an authorised independent adviser registered with the Financial Conduct Authority.

If you would like your pension paid to a different bank account, please write to the Plan administrator at this address:

Mitchells & Butlers Pension Plan Payroll Team
XPS Administration
4th Floor, Wellbar Central
Gallowgate
Newcastle NE1 4TD

Telephone: 0191 341 0669 (between 9am and 5pm)

Email: payrolladmin@xpsgroup.com

If you’re receiving a pension from Mitchells & Butlers and have a general enquiry, please write to XPS at the following address:

Mitchells & Butlers Pension Plan Administration Team
XPS Administration
1 Colmore Row
Birmingham B3 2BJ

Telephone: 0121 387 8962 (between 9am and 5pm)

Email: mitchellsandbutlers@xpsgroup.com

It is important to remember that if post is unable to be delivered at the address held on the pension payroll records – often returned marked ‘gone away’ – the payment is suspended until the pensioner gets in touch.