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Temporary suspension of cash equivalent transfer value (CETV) calculations
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate transfer values for non-Club transfers and pensions on divorce will change.
We have been…
Administration Foundations Courses for June-August 2023
This course is available to all new local administrators of the NHS Pension Scheme who are less than 12 months in post and provides an overview of what is expected of you as an NHS Pension Scheme administrator throughout a Scheme year.
At the end…
Administration Foundation Course dates from June to August 2023
This course is available to all new local administrators of the NHS Pension Scheme who are less than 12 months in post. It provides an overview of what is expected of you as an NHS Pension Scheme administrator throughout a Scheme year.
At the end…
Members achieving maximum pensionable membership
When completing SD55 termination form for members who have achieved maximum pensionable membership, are no longer eligible to contribute and have a last day of pensionable membership as the date they achieved maximum membership, the reason for…
Pensioner P60s, Advice of Payments and Annual Newsletters
P60s, Advice of Payments and annual newsletters are currently being sent to all NHS Pensioners.
A P60 includes information about the pension paid and the tax deducted during the tax year.
P60s are distributed in a phased approach and typically…
Individual earnings margins being issued ahead of temporary suspension to regulations on retire and return ending
Article originally published 18 January 2022. Link to partial retirement factsheet restored.
The Department of Health and Social Care has announced that the government’s Coronavirus Act 2020 setting out measures to respond to the COVID-19…
Automated AW171s effective early 2021
As part of the Sub Award Project, we have looked at how we can simplify and improve the process for employers. We have recognised that we can easily identify when a change on a member record has occurred either through Pensions Online (POL) or via…
Employer reminder annual leave payments and payment in lieu
We are still seeing enquiries from employers seeking clarification in relation to annual leave payments and payment in lieu of notice.
Firstly, to confirm there has been no change to NHS Pension Scheme regulations.
Payments for annual leave should…
Guidance for employers on strike action and action short of strike and pension records
Where an employee goes on strike the information provided previously remains relevant.
Where an employee undertakes action short of strike i.e. they work to rule, there are no disallowed days to add to the members pension record and if part-time…
The Partial Retirement Calculator is available
The issue that was affecting the Partial Retirement Calculator has been resolved.
The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA
As a reminder, members can use the …