We’ve introduced new pension payment frequency options so you can now offer clients weekly or fortnightly payment options (in addition to existing payment frequencies), plus the ability to choose any date for their pension payments to be processed. The new frequencies will be paid on occurrence after the date selected for the first payment. If the payment date is not a business day, the payment will be processed on the previous business day.
Summary table: Payment frequency overview
| Frequency | Status | Date selection | Ongoing schedule |
| Weekly | New | Any date | Every 7 days after selected payment date |
| Fortnightly | New | Any date | Every 14 days after selected payment date |
| Monthly | Existing | Any date | Same date each month |
| Bi-monthly | Existing | 10th and 24th only | 10th and 24th of each month |
| Quarterly | Existing | Any date | Every 3 months after selected payment date |
| Half yearly | Existing | Any date | Every 6 months after selected payment date |
| Yearly | Existing | Any date | Every 12 months after selected payment date |