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NHS Pension Scheme employer contribution rates 2024/25 – DHSC
The recent Department of Health and Social Care (DHSC) consultation on the NHS Pension Scheme confirmed that the transitional approach that has operated since 2019/20 for employer contributions will continue in 2024/25. This means that from 1 April…
Additional Pension and Early Retirement Reduction Buy Out (ERRBO)
Following a review by the scheme actuary the cost of purchasing additional pension and/or ERRBO is changing and member’s will find that their monthly instalment amount has changed. This will result in an increase or decrease in monthly instalments…
Year end update events for non Pensions Online (POL) employers
Over the last few months, the Stakeholder Engagement Team has been providing information to non Pensions Online (POL) organisations about changes being made in 2018 with the annual update process. To support employers through these changes the team…
Total Reward/Annual Benefit Statement access
As you may be aware, the Government Gateway is in the process of being decommissioned which means we have been looking for another way for NHS staff to access their Total Reward or Annual Benefit Statement. From early June we will be entering the…
Verify update
The Government Gateway route to access your Total Reward Statement (TRS) will be decommissioned on the 12 December 2018 and replaced by the Government-wide Verify service. This is a trusted, safe and secure way to prove who you are online.
GOV.UK…
Annual Allowance update
This year the Annual Allowance team have experienced a much higher receipt of work requests than in previous years. Particularly, the requests for ‘On-Demand’ statements have doubled and more recently we have been unable to meet the three month…
Exhibitions
In May we had an exhibition stand at the Royal College of Nursing Congress Exhibition 2019, held in Liverpool. We were overwhelmed with the interest we received during the three days. All in all, we engaged with around 400 members of the NHS Pension…
Non Pension Online (POL)
On an annual basis, all employing authorities are required to submit end of year information to NHS Pensions to allow us to complete our cyclic update of member records.
In 2020, Non POL Employers will be asked to complete and return the annual…
Pensioner P60s, Advice of Payments and Annual Newsletters
P60s, Advice of Payments and annual newsletters are currently being sent to all NHS Pensioners.
A P60 includes information about the pension paid and the tax deducted during the tax year.
P60s are distributed in a phased approach and typically…
Employer Information required for Annual Allowance
Employers are required in legislation to provide information to NHS Pensions which enables Pension Savings Statements to be provided to members. This statement informs members whether they have exceeded the Annual Allowance limit in the NHS Pension…