News

P60s for the tax year ended 5 April 2026 are being prepared. They will be posted to all members – including those who have registered for the pension portal – who are in receipt of a pension from the Scheme, on or before 31 May 2026. If you have registered for the pension portal, your P60 will also be uploaded to the portal by that date.

An effect of the increase to the State Pension from 6 April is that more income tax is being deducted from the pensions paid from the Scheme. It is unlikely that we will be able to assist you with any questions about your income tax deduction; instead, please call HMRC on 0300 200 3300.

We are pleased to advise that the Trustee’s Statement of Investment Principles has been updated.

You can view this document by clicking here.

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Issue 8 of the Coats UK Pension Scheme newsletter – The Link- is now available. In this issue: Scheme Report and Accounts, Pensioner Paydates, Pensioner Bulletin and much more.

An Annual Funding Statement, showing the funding position of the Scheme as at 31 March 2025, is also available.

You can view this communication online in the members-only section (you will need the secure area password): click here.

Under the regulatory requirements now in force, the Trustee is required to produce an annual Implementation Statement, setting out how the policies described in the Scheme’s Statement of Investment Principles (“the SIP”) have been followed.

We are pleased to confirm that this statement, covering the period 1st April 2024 to 31st March 2025, is now available to view here.

As part of the annual Coats UK Pension Scheme Report and Accounts, the Trustee produces a statement for members about the governance in place for members with money purchase benefits (such as Additional Voluntary Contributions).

We are pleased to confirm that this statement for the year ended 31 March 2025 is now available to view here.