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Reminder for employers, 2023 annual allowance information deadline date
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…
Annual Allowance information deadline date
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…
Annual Allowance Information Deadline Date
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…
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…
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,…
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…
Exit Code 16 - Opted out of the Scheme
Employers are reminded of the importance of using the correct termination code when closing down a pension record normally from the beginning of the next pay period.
Exit code 16 should be used for all cases where the member continues to work but…
Update on NHS Pension Scheme employer contribution rates
The NHS Pension Scheme employer contribution rate increased on 1 April 2019 from 14.38% to 20.68%, this includes the 0.08% administration charge. The Department of Health and Social Care’s (DHSC) consultation response announcing the rise, published…
NHS Wales 2019/20 Pensions Annual Allowance Charge Compensation Policy - information for employers
In December 2019, the Welsh Government announced that clinical staff who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can be compensated in retirement for any reduction to their NHS Pension…
Employer reminder - annual allowance information required
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…