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2024/25 payment schedule for NHS Pensions
NHS employers have a statutory duty to ensure that scheme contributions reach the NHS Pensions bank account by day 19 of the month following the month that the earnings were paid to the member. When day 19 falls on a weekend or a bank holiday…
Total Reward/Annual Benefit Statement mid year refresh
Following the mid year refresh, Total Reward and Annual Benefit Statements are now available for all organisations. Employees will only receive a statement if they were an NHS employee on or before 31 March 2017.
The statements can be accessed…
Processing 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 changed.
We are now able to…
Information for employers on changes to early and late retirement factors
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 early and late retirement factors from the scheme have changed. These have been implemented…
Extension of voluntary scheme pays 2018/19 deadline
The NHS Business Services Authority is sympathetic to the situation that NHS staff currently find themselves in during the Coronavirus (COVID-19) pandemic and is keen to support members of the NHS Pension Scheme (England and Wales) who are front…
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…
Department of Health and Social Care announces extension of retire and return easements
Following a short consultation, the Department of Health and Social Care has announced an extension to retire and return easements to 31 October 2022 through temporary amendments to NHS Pension Scheme regulations.
What was included in the…
Year end update events for non Pensions Online (POL) employers
Over the last few months, the Stakeholder Engagement Team has been providing information to non Pensions Online (POL) organisations about changes being made in 2018 with the annual update process. To support employers through these changes the team…
Extension of 2019/2020 voluntary scheme pays deadline - information for employers
To help support NHS Pension Scheme members who are continuing to deal with the impact of the Coronavirus (COVID-19) pandemic, we have taken the decision to extend the 2019/20 voluntary scheme pays deadline.
Members who have an annual allowance…
Non-Pensions Online (POL) annual update
All employing authorities (EAs) are required to submit end of year information to NHS Pensions on an annual basis. You must submit this information to NHS Pensions by 31 May.
If you use Pensions Online (POL) you should submit this year end…