Skip to main content Skip to footer

Tax information

Information about the Finance Act, Annual Allowance and tax charges that may apply to a member’s NHS pension.

Annual Allowance

Annual Allowance statements

Please note Annual Allowance statements are prepared in bulk via an automation tool.  They are therefore issued to the member’s home address and cannot be issued to a third party. For this reason we cannot accept bulk member requests in any circumstance.

Please read the following factsheets to understand the changes to the Annual Allowance rules since April 2016:

2015-16 Annual Allowance transitional rules (PDF: 302KB)

2016-17 Tapered Annual Allowance (PDF: 312KB)

2016-17 Tapered Annual Allowance example (PDF: 158KB)

Further information about Annual Allowance:

Annual Allowance employer FAQs (PDF: 335KB)

Example Pension Savings Statement 1995/2008 Scheme for 2015/16 (PDF: 272KB)

Example Pension Savings Statement 2015 Scheme for 2015/16 (PDF: 271KB)

Example Annual Allowance Calculation (PDF: 274KB)

FACT Special Annual Allowance (PDF: 269KB)

Pension Tax Changes - Annual Allowance (PDF: 196KB)

Reduced Annual Allowance - Additional Pension and Added Years (PDF: 252KB)

Lifetime Allowance

Please read the following factsheets to understand the changes to the Lifetime Allowance rules since April 2016:

The Lifetime Allowance is reducing to £1million from 6 April 2016 (PDF: 235KB)

New HMRC Lifetime Allowance protections available from 6 April 2016 (PDF: 239KB)

Please use the Finance Act AW8 Part 12 HMRC Decision Tree (PDF: 156KB) to ensure that members are completing part 12 of the AW8 Retirement Benefits Claim Form correctly.