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Equitable Life Money Purchase Additional Voluntary Contributions (MPAVCs) – Change of bank details
In Employer Newsletter 2 – February 2017 we advised that the Equitable Life Assurance Society had changed the bank account for the payment of contributions for members of the NHS Money Purchase Additional Voluntary Contribution (MPAVC) scheme with…
Sharing our performance update - December 2018
We are pleased to say that the Awards recovery plan is now complete. As part of our normal business as usual activity, we have some pension applications awaiting information from members or employers and as soon as this information is received we…
Employer contribution rate arrangements to remain for 2020/21
Employer contribution rate arrangements to remain for 2020/21
The NHS Pension Scheme employer contribution rate increased on 1 April 2019 from 14.38% to 20.68%. The Department of Health and Social Care’s consultation response announcing the rise,…
NHS Pensions and Coronavirus Job Retention Scheme (CJRS)
Where employers receive public funding for staff costs, and that funding is continuing, it is expected that employers will use that money to continue to pay staff in the usual way and not furlough them. This includes Trusts, GP Practices etc. who…
Contribution payment deadlines for 2023/24
Contribution payment deadlines for 2023/24
The deadline dates for the financial year April 2023 to March 2024 are now available on the NHS Pensions Finance section of the Employer Hub.
The deadline dates for the financial year up to March 2024…
Partial retirement update for employers - June 2023
We’re working closely with the Department of Health and Social Care (DHSC), NHS Employers and NHS England to work through the new rules to allow members to take partial retirement from 1 October 2023 and help employers get ready for the change.
The…
Final Pay Control update
Following the article in September’s Newsletter introducing the FPC1 form, we are pleased to report this has helped reduce the number of invoices going out to employers and helped prevent charges being over/under stated based on the information you…
Reminder about making changes to member employment via Pensions Online (POL)
The final part of the SD55 annual update is where you can advise of changes to the members’ employment details and/or personal details, as follows:
enter date of change (if required)
select Change Type
enter change details
We also have a…
Final Pay Control and deferred members
Where a member leaves NHS employment on or after 1 April 2014 and their benefits are deferred, the member’s deferred benefits will be checked to see if they exceed the Final Pay Control limits when their benefits are either:
Transferred to…
Sharing our performance - April 2019
Our level of performance continues to be maintained as we strive to process first pension payments in a timely manner. A total of 3236 applications have been processed so far in April 2019 of which 96.48% were paid on time and of those 82.62% lump…