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Following the change to the discount rate used for public service pension scheme that HM Treasury announced on 30 March 2023, the factors used to calculate CETVs for members transferring out of the Scheme, and calculating CETVs for divorce purposes…

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…

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, with partial retirement…

Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers. As part of this work, the Government Actuary’s Department (…

We would like to clarify our current position in regards to providing annual allowance pension savings statements. Recently we have issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October…

Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers. As part of this work, the Department of Health and Social…

Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers.   As part of this work, the Department of Health and Social…

The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA With partial retirement, you can take up to 100% of your pension, stay in your job, and carry on building up new pension…

Suspension of certain calculations involving actuarial factors In the budget on 29 October 2018, HM Treasury announced a revision to the basis for the calculation of Cash Equivalent Transfer Values (CETVs) payable from public service pension…

HM Revenue & Customs (HMRC) have asked pension schemes to remind members that: “it is really important that those who have exceeded the Annual Allowance for (the tax year) 2016 to 2017 to declare this on their Self Assessment tax return (the…