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Partial retirement
If you're aged 55 and over and you have agreement from your employer, you can choose to take part, or all of your pension benefits while you continue working in NHS employment and build your pension benefits in the 2015 Scheme. This is called…
Fewer requests, faster decisions: the McCloud remedy illustrator just got more powerful
The NHS Pensions Remedy Benefits Illustrator has been updated to cover members affected by the McCloud remedy who are at or over their normal minimum pension age and facing redundancy. Going forward, these members can now model their own pension…
NHS Pensions McCloud Remedy Benefits Illustrator
As we prepare to start sending Remedial Savings Statements (RSS), we have recently published an Illustrator for members affected by McCloud.
This illustrator allows those who have not yet received their RSS to explore how different factors, such as…
Understanding the effect of rollback on annual allowance
The Public Service Pensions Remedy and pension taxSome members affected by the Public Service Pensions Remedy, also known as McCloud, will need to update their pension tax information with HM Revenue & Customs (HMRC).This is because, as part of…
McCloud buy back confirmation letters
We have recently updated our McCloud buy back confirmation letters with clearer guidance. If you are approached by members who have already received their option letters, you can inform them ‘option 1’ is available for members to make payment.
If a…
Total Reward Statements
In August, TRS statements were refreshed in ESR and now show alternative benefits for members who are McCloud eligible. Due to membership from 1 April 2015 to 31 March 2022, member’s annual TRS will show ‘Option A - standard’ and ‘Option B -…
McCloud opt-out buy back
Not all members know they can apply to reinstate their remedy period service if they opted out of the NHS Pension Scheme because of the McCloud judgement.
We’ve published the details on our Contingent decisions web page, but you can help to make…
Financial forecasting
Financial forecasting helps commissioners and providers with financial planning.The forecast out-turn is a forecast of the spend for each practice for the current financial year, calculated using the expected profile of expenditure for England.…