Search results
Showing: 10 of 279
Employer contribution rate arrangements to remain for 2020/2021
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,…
Non POL Update
Many thanks for those employers who have returned their Year End Spreadsheets for 2019/20 prior to the regulatory deadline on 31 May 2020.
We continue to process these spreadsheets and endeavour to complete our processing in time for the August…
Government consultation on pension flexibilities
The Department of Health and Social Care is to open a new consultation on revised proposals for flexibilities in the NHS Pension Scheme. More details can be found here:
https://www.gov.uk/government/news/nhs-pensions-for-senior-clinicians-new-…
Stakeholder pensions
Stakeholder pensions are an alternative way of saving for retirement.
They are not normally recommended as a main pension for someone who can join the NHS Pension Scheme.
Your employer must offer an NHS stakeholder pension if you cannot join the…
NHS Trust wholly owned subsidiary companies
Trust Wholly Owned Subsidiary Companies
The Department of Health and Social Care have confirmed that NHS Trust Wholly Owned subsidiaries can apply for access to the NHS Pension Scheme for compulsorily transferring staff, and new starters. Access…
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…
Further update on annual allowance statements
Further to guidance issued on 10 October 2019, we would like to update members on annual allowance statements.
We issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October 2019. However, we…
Update on the temporary suspension of cash equivalent transfer value (CETV) calculations
Following the change to the discount rate used for public service pension scheme that HM Treasury announced on 30 March 2023, the factors used to calculate CETVs for members transferring out of the Scheme, and calculating CETVs for divorce purposes…
COVID-19 Calls to NHS Pensions Employer Helpline
As a result of the ongoing Covid-19 situation, we are currently receiving a high volume of calls to our NHS Pensions Employer Helpline.
Please do take a look at the dedicated resources and guidance for employers within our NHS Pensions employer hub…
COVID-19 Guidance for Employers on Deferred Retirements
Should you have any employees who have applied to retire but would now like to defer their retirement, please email details to nhsbsa.stakeholderengagement@nhs.net. Please include ‘Deferred Retirement’ in the subject heading of the email.
Our team…