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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…
Update for employers on post retirement scheme pays elections
If a member has an annual allowance charge they can either pay the charge directly to HMRC or share the responsibility for the payment with the NHS Pension Scheme using the scheme pays facility.
This is known as a scheme pays election. The NHS…
NHS Pension Scheme employer contribution rates 2022/23
The NHS Pension Scheme employer contribution rate increased on 1 April 2019 from 14.3% to 20.6%, plus the employer levy of 0.08%.
In March 2019 the consultation response announcing the rise, the Department of Health and Social Care (DHSC) confirmed…
2020/21 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.
Our Data Management Team will send the prepopulated spreadsheet to the main EA contact during the week commencing 15 March 2021.…
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…
Submitting the retirement benefit claim form (AW8) on Pensions Online - incorrect payable date
When you are completing the retirement benefit claim form (AW8) on Pensions Online (POL), make sure you have entered the correct payable date. There are a number of common errors when submitting form AW8 via POL:
Input as Age retirement but not…
Make Contribution Payments (MCP) update
The Stakeholder Engagement Team, working with the Digital Project Team, have been continuing the rollout of our new financial information collection service, MCP. Over 30% of employers are now on-boarded to the service. If you have been sent an on-…
Marriage Certificates as Supporting Evidence
When accepting supporting documentation a NIKAH NAMA Muslim marriage certificate cannot be accepted as evidence of marriage. This unfortunately is not a legitimate certificate under UK law unless it is accompanied by a civil ceremony certificate.…
Further update on 2021/22 NHS Pension Scheme employer contribution rates
Further to the announcement in our January edition of the Employer Update, that the transitional arrangement for the increase of employer contributions will continue during 2021/2022, it has been confirmed that this arrangement will continue for…
Reminder: late AW8 retirement application submissions
We have identified an increase in the number of AW8 forms being submitted very late, or long after the members intended retirement date, resulting in an increase in complaints.
When an active member wants to retire and claim their pension (…