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Scheme access for self-employed individuals
NHS employers are reminded that the only self-employed individuals who have access to the NHS Pension Scheme are General Practitioners, General Dental Practitioners, Ophthalmic Medical Practitioners, and non-GP Providers.
Any other individual…
Member contribution rate for 2021/2022
We can confirm that there will be no changes to the member tiers and contribution rates for 2021/22. The current member contribution rate tiers will be extended to 31 March 2022.
For more information, go to our Cost of being in the Scheme page.
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…
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-…
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…