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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 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-…

This page was last updated 1 September 2025 Payments Payments Current processing times Payment of your retirement benefits We aim to pay your first pension payment within 30 calendar days from the date of your…

This is only for people who were members of the Scheme before 25 March 1972 (1995 Section only). It applies to anyone who either: is or has been married has a civil partner has a surviving Scheme partner The person must be nominated to…

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…

The last 12 months have been an exciting time for the Stakeholder Engagement Team, appointing a further 5 Stakeholder Engagement Managers to build on the support we offer employers nationwide. We have also seen a steady increase in both the volume…

The NHS Pension Scheme employer contribution rate increased on 1 April 2019 from 14.3% to 20.6%, plus an employer’s levy of 0.08%. The Department of Health and Social Care’s consultation response announcing the rise, published in March 2019,…

Further to the NHS Pensions and the Coronavirus Job Retention Scheme (CJRS) article in our June 2020 newsletter, HMRC has published further information as part of their business support during COVID-19, which confirms the way in which the furlough…

If you get an NHS pension, it’s very important that you let us know straight away if your personal details, bank details or circumstances change. If you have a change of circumstances and don’t tell us, this could result in suspension of your…

To help support NHS Pension Scheme members who are continuing to deal with the impact of the Coronavirus (COVID-19) pandemic, the decision has been taken to extend the voluntary scheme pays deadline for 2020/21. If you have an annual allowance…