FAQs
If you have any questions that are not covered in this section, please and let us know.
General
How do I ask a question that isn’t answered here?
You can contact the Scheme administrators using the details on the Contact Us page.
I haven’t started taking my pension yet
How is the Scheme governed?
The Trustee looks after the Scheme, and ensures that benefits are paid in line with the Trust Deed and Rules.
What is my State Pension Age?
Your State Pension Age depends on your gender and when you were born. You can find out your State Pension Age on the following website, gov.uk/state-pension-age
When can I retire?
Your pension is payable from your normal retirement date from the Scheme. Your normal retirement date depends on which section you were in.
You can also retire before or after normal retirement date in certain circumstances; your benefits will be reduced if taken early, and increased if taken late.
Currently you may apply to receive a reduced pension for any reason from age 55* but Trustee consent may be required. This age limit will not apply if you have to retire due to ill health.
*The Government has confirmed that the minimum pension age at which people may ordinarily access their pension benefits will increase from 55 to 57 from 6 April 2028, alongside planned increases in the State Pension Age. Depending on when you joined the Somerfield Pension Scheme and the benefits that you have in the Scheme, you may be protected against this change and may still be entitled to access your benefits before age 57 after 6 April 2028.
Does my pension get annual increases?
Yes, pensions in deferment increase between your date of leaving and retirement. The increase applied depends on the section you were in and when you joined and left the Scheme.
Once your pension is in payment, it will receive annual increases on 1 February. The increase that is applied depends on the section you were in when you built up pension in the Scheme. Your pension is made up of different elements, and the way increases are applied to these different elements can differ, too.
Does my pension get annual increases?
Yes, pensions in deferment increase between your date of leaving and retirement. The increase applied depends on the section you were in and when you joined and left the Scheme.
Once your pension is in payment, it will receive annual increases on 1 February. The increase that is applied depends on the section you were in when you built up pension in the Scheme. Your pension is made up of different elements, and the way increases are applied to these different elements can differ, too.
Can I transfer my pension to another scheme?
Yes, you can transfer all your pension benefits, including any AVCs, to another registered pension scheme or policy. If you are interested in this option, you should ask First Actuarial for a transfer value.
Please note that if you wish to transfer to a defined contribution (DC) scheme, you will be required to take independent financial advice before doing so. You will then need to provide to the Trustee written confirmation from your adviser that you have taken appropriate advice from an adviser who is authorised by the Financial Conduct Authority before the transfer can go ahead.
How do I get advice about my pension?
Financial advisers are able to provide impartial and personal advice about your pension options, such as when to retire or whether to transfer benefits. The Co-op Group, the Trustee and First Actuarial are all prevented by law from giving you financial advice; therefore you may find it helpful to talk to a financial adviser. You may be charged a fee for any advice you receive which the Trustee will not pay for. Neither the Co-op nor the Trustee can take responsibility for the advice you receive or any action you may take as a result. You can find out about choosing a financial adviser by visiting MoneyHelper at: www.moneyhelper.org.uk. MoneyHelper is an organisation that provides guidance free of charge on issues relating to money and finances.
I’m already in receipt of my pension
What pension is payable to my spouse if I were to die?
If you die after you’ve retired and taken your pension, the Trustee may pay a pension to your spouse or qualifying partner, subject to certain conditions.
Under certain circumstances, children’s pensions will also be payable in the event of your death.
You can ask First Actuarial for more details about these conditions and circumstances.
Your pension is also guaranteed to be paid for at least five years. This means that, if you die within five years after your retirement date and before age 75, subject to certain conditions any balance of payments will be payable as a lump sum in addition to any survivors’ pension.
How do I report the death of a member?
In this event, you can call First Actuarial on 0161 348 7497, or email somerfieldpensions@firstactuarial.co.uk
What day of the month are pensions paid?
Pensions are paid on the 28th of the month. If the 28th falls on a weekend or bank holiday, then the pension is paid on the last working day prior to the 28th.
How do I update my bank details?
You can update your bank details by contacting First Actuarial by phone 0161 348 7497 or via email somerfield.pensions@firstactuarial.co.uk
I think I’ve paid too much tax on my pension. Who do I speak to?
First Actuarial isn’t able to help you with tax queries, as it is a personal financial matter. If you think there’s a problem with the amount of tax being deducted from your Somerfield pension, the details for the Tax Office that deals with your pension are listed below. Please remember to quote the Scheme’s reference, which is: 120/KF03133
HMRCPay As You EarnPO Box 1970LiverpoolL75 1WX
Telephone: 0300 200 3300 (weekdays, 8am to 8pm)
When does my pension increase each year?
Yes, pensions in payment are increased annually on 1 February. The increase that is applied depends on the section you were in when you built up pension in the Scheme. Your pension is made up of different elements, and the way increases are applied to these different elements can differ, too.
Most members will have an element of their pension which is called ‘Guaranteed Minimum Pension’ (GMP), which increases each year as directed by the Government. GMPs from before 1988 don’t increase in payment, and GMPs earned after 1988 will increase in line with the annual increase in the Consumer Price Index (CPI), to a maximum of 3%.
The majority of most members’ pension is known as ‘excess’ pension – this effectively covers anything that’s been built up in the Scheme that’s not GMP. The increase applied to your excess pension may be at a fixed rate, or in line with the annual increase in the Retail Prices Index (RPI). Following an amendment to the Scheme Rules in 2020, increases in RPI-linked pensions in payment were linked to the increase in the RPI over the year to the preceding 30 November rather than the year to the preceding 31 December. The increase may also be subject to a minimum or maximum percentage increase.
How do I access my payslips and P60s
Payslips & P60s (from 1 October 2025)
You can view your payslips and P60s online and first you will need to register for access. If you would like to start receiving electronic payslips, please contact us by email somerfield.pensions@firstactuarial.co.uk
We will also post your P60 to you by the end of June.
Payslips & P60s (before 1 October 2025)
You can still obtain your previous payslips & P60s by contacting the Co-op by email pensions.payroll@coop.co.uk or telephoning 0330 606 9449