The Interest in contributions depends on which legacy scheme an officer belonged to, this due to the difference in contributions rates in both legacy schemes plus interest.

1987 legacy members need to decide whether to pay the adjustment plus interest minus tax relief within three months of receipt of the ABS-RSS or defer it to another annual statement event or to retirement.

2006 legacy members need to decide whether to take the adjustment or leave it on account.

PFEW is still exploring all avenues of challenge with regard to the interest that will be levied on contributions owing.

Despite our strong protestations the Home Office has published a consultation on increasing the contribution rate for the police pension.

Our view was that it would be prudent to get remedy done and then look at this issue.

The issue is the target yield for the 2015 pension is not being met and it is a regulatory requirement that it is. The target yield is 13.7% and the current yield is 13.48%.

The consultation gives a number of options and PFEW will be submitting a response by the 29 January deadline.

The consultation documents are in the link below and members can make their own representations.

If there is anything you want PFEW to consider in its response please e-mail pensionenquiries@polfed.org.

• Police pensions: member contribution structure

The increase will be implemented in October 2025.