Smith and Nephew Logo
MANAGE YOUR PENSION Human head and shoulders icon

Pension increases

Annual pensions in payment are guaranteed to increase from 1 October in line with the annual increase in the Retail Price Index (RPI) published in the preceding August, to a maximum of 5%.

Historic increases for the Fund for the last five years are shown here:

2022 increase: 5% from 1 October 2022

2021 increase: 3.8% from 1 October 2021

2020 increase: 1.6% from 1 October 2020

2019 increase: 2.6% from 1 October 2019

2018 increase: 3.2% from 1 October 2018

2017 increase: 3.6% from 1 October 2017

2016 increase: 1.9% from 1 October 2016

Cookie control centre

We use cookies to provide you with a better service. Essential cookies provide core functionality and you cannot use the website without them. Essential cookies do not collect any personal information or track your activity on the website. Other cookies, such as Analytic cookies and Functionality cookies, are not essential. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary

Always Active

Name: october_session

Provider: .smithandnephewpensions.co.uk

Duration: 2 Hours

Type: Session Cookies

Name: preference_cookie

Provider: .smithandnephewpensions.co.uk

Duration: Permanent

Type: First Party Cookies

Name: admin_auth

Provider: smithandnephewpensions.co.uk

Duration: 5 Years 1 Month

Type: First Party Cookies

Performance Cookies

Name: _ga

Provider: Google.com

Duration: 2 Years

Type: Analytics Cookies

Name: _ga_DM4D1B5656

Provider: Google.com

Duration: 2 Years

Type: Analytics Cookies

We use cookies to enhance your website experience and to allow us to customise the content you see.