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31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
Applying for your pension benefits – retirement application form AW8
If you are an active member of the NHS Pension Scheme or have opted out but remain in NHS employment you must inform your employer of your intention to retire around 4 months before your retirement date. This allows us enough time to calculate and…
Pension Awareness 2023: Taking a flexible approach
Pension Awareness Week is all about helping to raise awareness of the importance of pensions. Throughout the week we’ll be sharing information on the NHS Pension Scheme, what it is and why it’s so important.
Alongside your salary, your NHS pension…
Pension Awareness 2023: When it’s time to claim your benefits
Pension Awareness Week is all about helping to raise awareness of the importance of pensions. Throughout the week we’ll be sharing information on the NHS Pension Scheme, what it is and why it’s so valuable.
Before you apply
Before applying for…
Pension Awareness 2023: Learning more
Pension Awareness Week is all about helping to raise awareness of the importance of pensions. Throughout the week we’ll be sharing information on the NHS Pension Scheme, what it is and why it’s so valuable.
Don’t lose track of your pension
It’s…
Annual Allowance and self assessment tax returns
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…
Factor review 29 October 2018
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…
Public service pension schemes: changes to the transitional arrangements to the 2015 schemes - information on the consultation for members
In 2015 the government implemented reforms to all main public service pension schemes. Public service pensions are some of the most generous pension schemes available, rewarding those who dedicate their working lives to public service.
The…
NHS Wales 2019/20 Pensions Annual Allowance Charge Compensation Policy - information for members
In December 2019, the Welsh Government announced that clinical staff who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can be compensated in retirement for any reduction to their NHS Pension…