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31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
Important information for members who have recently received an annual allowance statement
We have become aware of an error that may have affected some pension savings statements dated between 20 April and 27 April 2022. These statements were issued on 28 April 2022.
As a precaution we are recalculating and issuing new statements to all…
Extension of 2019/2020 voluntary scheme pays deadline for members with an annual allowance charge
Extension of voluntary scheme pays deadline 2019/2020 for members with an annual allowance charge
To help support NHS Pension Scheme members who are continuing to deal with the impact of the Coronavirus (COVID-19) pandemic, we have taken the…
2019/20 Pensions annual allowance charge compensation policy: third window for GP applications in England opens
GPs in England applying to the 2019/20 Pension Annual Allowance Charge Compensation Scheme must have their application form endorsed by Primary Care Support England (PCSE) before it can be processed by the NHS Business Services Authority (NHSBSA).…
PCSE application window for Pensions Annual Allowance Charge Compensation Scheme forms opening 2 August 2021
GPs in England who have an annual allowance charge for 2019/20 and wish to apply to the 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCs) must submit their application form to be endorsed by Primary Care Support England (PCSE)…
Public service pension schemes: changes to the transitional arrangements to the 2015 schemes - information on the consultation for members
In 2015 the government implemented reforms to all main public service pension schemes. Public service pensions are some of the most generous pension schemes available, rewarding those who dedicate their working lives to public service.
The…
Completing the self-assessment form where there is an Annual Allowance charge
Important information for members who have an annual allowance charge for 2018/19:
In a Pensions Schemes Newsletter 115 (26 November 2019) article HMRC has asked scheme administrators to remind members who have an annual allowance charge for 2018/…
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…