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Additional Pension and Early Retirement Reduction Buy Out (ERRBO)
Following a review by the scheme actuary the cost of purchasing additional pension and/or ERRBO is changing and member’s will find that their monthly instalment amount has changed. This will result in an increase or decrease in monthly instalments…
Rivaroxaban addition to Category A and M from September 2024
The addition of the following products into Category A:
Rivaroxaban 2.5mg tablets
Rivaroxaban 10mg tablets
The addition of the following products into Category M:
Rivaroxaban 15mg tablets
Rivaroxaban 20mg tablets
These additions are…
Annual Allowance information deadline date
Employers are required in legislation to provide information to NHS Pensions which enables Pension Savings Statements to be provided to members. This statement informs members whether they have exceeded the Annual Allowance limit in the NHS Pension…
NHS and local authority reforms
We provide prescribing and financial information relating to the provision of pharmaceutical services. We also calculate payments that are due to dispensing contractors in primary care.
Organisational changes and new arrangements for commissioning…
Standard benefits
Both Officer pension statement and Practitioner pension statement show your standard benefits.
Standard benefits are an estimate based on the latest known information to show what your pension may be worth at this time.
If you want to take…
Annual Allowance Information Deadline Date
Employers are required in legislation to provide information to NHS Pensions which enables Pension Savings Statements to be provided to members. This statement informs members whether they have exceeded the Annual Allowance limit in the NHS Pension…
TRS Go Live
Annual refresh
Following the TRS Pensions data cut on the 22 June, the pension calculations have now been completed and passed across to our ESR colleagues to create the new statements.
In accordance with the…
Final Pay Control supplementary form FPC1
There is a new Final Pay Control supplementary form which is available on the Employers Hub in the Retirement section on the Employer Forms page. The form is designed to streamline the current process.
In all cases you must complete the Final Pay…
Exceeding Whole Time action required
As the deadline for issuing pensions saving statements approaches please action any SM8’s received.
If the contributions and pay are not amended in line with a reduction in hours/sessions worked, the member may receive an incorrect Annual Allowance…
Completing the self-assessment form where there is an Annual Allowance charge
In the Pensions Schemes newsletter 115 (26 November 2019) HMRC have asked schemes to remind members who have exceeded the Annual Allowance for 2018/19 and have an Annual Allowance charge that must be declared as they have exceeded their Annual…