NHS Pension Scheme Administration levy from April 2017

News Article

31 January 2017

As mentioned in the November 2016 Employer Newsletter, the Department of Health intends to introduce a levy to cover the cost of Scheme administration from 1 April 2017.  Consultation on the proposed levy and amendments to the NHS Pension Scheme Regulations ended on 9 January 2017 and the Department is currently considering the responses received

The proposed levy equates to 0.08% of  each active member’s pensionable pay and, if approved, will be collected through the standard employer contribution by increasing the Scheme contribution rate for employers from 14.30% to 14.38% from 1 April 2017.

As soon as the outcome of the consultation is known and  we are informed of the decision, a further update will be published with any actions that may be required.