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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…
Your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available now
If you’re a member of the NHS Pension Scheme, your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available to view online now.
If your organisation uses Electronic Staff record (ESR), you will be able to use this to…
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…
Divorce or dissolution of a civil partnership
The value of pension benefits can be taken into account in a divorce settlement.
If a member is getting divorced, they may be asked to obtain a cash equivalent transfer value of their pension benefits.
If they do, they will ask you to complete the…
Lump sum
If you’re a member of the 1995 Section
The 1995 section automatically provides members with a lump sum at retirement. This is normally 3 times their pension.
If you're a member of the 2008 Section
If you moved to the 2008 section as part of the…
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…
Claiming for your business rates in Wales
The Welsh Government continues to encourage you to claim business rates reimbursements appropriate to your circumstances.
You can make a claim for a reimbursement based on your:
liability to pay business rates, including the appropriate…
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…