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Annual allowance: member pay and membership information for 2024/25 is required by 6 July 2025
You must provide pay and membership information for members by 6 July 2025 following the end of the tax year to enable pensions savings statements to be provided to members.
A pensions savings statement is important as it tells members whether they…
Changes to annual rate at cessation (ARAC) requests
We have been looking at our process when requesting the annual rate at cessation (ARAC) from employers. As a result, we will no longer routinely request this information where it has already been provided or it is already held on the member’s record…
Members Purchasing Additional Pension by Lump Sum Payment
We have identified an increase in additional pension applications being rejected and rejection letters being sent to members where a member has elected to purchase additional pension via one-off lump sum payment.
These rejections have occurred…
Price Change for Additional Pension Payment and ERRBO
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the prices used to calculate Additional Pension purchases have changed. These will be implemented from 1 April 2024. All…
Guaranteed Minimum Pension (GMP) tests
Any requests for a GMP test need to be sent via email to gmptestrequest@nhs.net
When requesting a GMP test, the following information is required:-
• Intended retirement date
• Notional Whole time Total Pensionable pay figure…
Additional Pension applications
We receive many emails from employers and members querying the Additional Pension (AP) rejection letters they receive. It has been brought to our attention that in some circumstances AP may still be being paid despite a rejection letter being sent.…
Overpaid employer contributions - financial year 2020-21
Further to the communication published on our website that advised all employers should continue to remit 14.3% (plus the employer levy of 0.08%) employer contributions to the Scheme for 2020-21, it has come to our attention that a number of…
GP Practice Manager Events - Level 2
Our Level 2 GP Practice Manager Events will be starting in September.
We'll be publishing the registration details via Eventbrite in the Employer Update in the next couple of months.
These events will be delivered virtually via Microsoft Teams and…
The HMRC Digital Service
HMRC has introduced a new digital service that will enable members who have new annual allowance charges, or changes to annual allowance charges as a result of rollback, to:
• reassess any previous annual allowance charges during the remedy period…
McCloud remedy status
An addition has been added to Pension Online that refers to McCloud.
The new Pensions Online functionality will be called ‘McCloud Remedy Status’ and will appear on the list of options from the main ‘Employer menu’ page in Pensions Online and…