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The Professional Footballers Pension Scheme Update

PL

Increase to the 2011 Section contribution

With effect from 1 August 2019, the annual contribution funded paid into the scheme for current registered contract players will increase to £5,820 per player.

There is a limit on how much can be paid into your pension scheme(s) each year and still receive tax relief. This is known as the Annual Allowance. If you have a financial adviser we would recommend that you inform them of this increase in contributions.

Are you owed money from the Scheme?

Since the 1980s, registered contract players of Premier League and Football League clubs automtically become members of the Professional Footballers’ Pension Scheme (“the Scheme”) and accrue benefits under the Scheme, unless they opt out.  Benefits under the Scheme are payable at age 35 or 55, depending on when the player became a member.

Many members of the Scheme have now left employment of a participating football club and regretfully, the Scheme has lost contact with some of these members and has been unable to trace them. This may be because the member had not notified the Scheme of a change in their contract details, or the member has forgotten that they have benefits accrued under the Scheme. The administrators carry out annual tracing exercises and monthly existence checks but these are not successful for all members of this group.

If you think you were a member of the Professional Footballers’ Pension Scheme and haven't had any communication from the Scheme, we would ask you to get in touch.  Alternatively, if you are still in touch with other ex-professional footballers who played for a Premier League or Football League club who might have been a member of the Scheme and are not aware that they have taken their pension, we would be grateful if you could bring this article to their attention. 

The administrators of the Professional Footballers’ Pension Scheme can be contacted on +44 (0) 114 256 7773 or by email at footballerspensions@broadstone.com.uk.

Read more about the scheme here.

 

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