DPF
Croeso i wefan Cronfa Bensiwn Dyfed
Welcome to the Dyfed Pension Fund website

Police Pension Scheme

Payment of Benefits

Pensions and lump sums payable under the 2006 Scheme are paid by your Police Force. Lump sums are normally paid on the first working day after your retirement. Pensions are payable in advance, usually at monthly intervals by credit transfer to a bank or building society account.

Survivors’ first benefit payments are made as soon as possible after a member’s death, as time is needed to make contact with the survivor and to establish their entitlement. Subsequent payments to beneficiaries are usually made monthly.

Pensions and lump sums are paid to the person entitled to them (the beneficiary), unless this person is under 18 or incapable of managing his/her financial affairs. In such cases, the payment may be made to the relative or guardian who is caring for the beneficiary although the Force may hve a policy for the payment of child pensions directly to a child’s own bank or building society account.

If your pension payments (for all your pensions excluding State Pension) are small and you have reached your SPA, you may ask for the whole of the remaining 2015 Scheme pension payments to be paid to you as a lump sum, the whole of which may be taxable. This is called ‘trivial commutation’ in HM Revenue and Customs terminology. HMRC rules govern what may be payable.

Please Note

Your pension from the 2006 Scheme can only be paid to you. The payment of an annual pension is treated as earned income for tax purposes, and tax is deducted before installments of pension are paid, whereas your commuted lump sum is tax-free, as is the lump sum death grant for your survivors.

  • Income Tax
  • Payment Dates
  • Changing your Address
  • Changing your Account Details
  • Revaluation