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Annual Allowance update
This year the Annual Allowance team have experienced a much higher receipt of work requests than in previous years. Particularly, the requests for ‘On-Demand’ statements have doubled and more recently we have been unable to meet the three month…
Changes to final pay controls - DHSC publishes consultation outcome on changes to the NHS Pension Scheme
The Department of Health and Social Care (DHSC) has published the outcome of its consultation on proposed amendments to the NHS Pension Scheme Regulations.
It confirms the changes that will be made to final pay controls from 1 July 2021
The aim of…
Submitting a lump sum choice through Pensions Online
When entering a member’s retirement lump sum (part 10 of the paper AW8) in to Pensions Online (POL), you are unable to specify whether the member wishes to receive the maximum lump sum which may incur a tax charge, or whether they wish to receive…
Reduction or forfeiture of NHS Pension Scheme benefits and using the ‘02’ exit code
The NHS Pension Scheme Regulations allow for NHS pension benefits to be reduced or forfeited under certain circumstances.
Reduction of NHS pension benefits
Employing Authorities should make NHS Pensions aware of any legal proceedings in respect…
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).…
2019/20 GP Provider and non-GP Provider Certificate of Pensionable Income
The main 2019/20 GP provider and non-GP provider Certificate of Pensionable Income and supporting guidance is now on our website. It is in the practitioner webpage located within the Member Hub section of the website.
GP providers must complete a…
Annual Allowance extension of voluntary scheme pays facility from tax year 2017/18
Members are liable for an annual allowance charge if their total pension growth - across all their pension schemes in a tax year, shown on their annual allowance pension savings statement as their pension input amount - is more than their available…
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)…
Completing the self-assessment form where there is an Annual Allowance charge
In the Pensions Schemes newsletter 115 (26 November 2019) HMRC have asked schemes to remind members who have exceeded the Annual Allowance for 2018/19 and have an Annual Allowance charge that must be declared as they have exceeded their Annual…
Certificates/self addressed envelope
If a member needs to send in certificates or supporting documents to us, remind them that they need to send the originals or certified copies. If they send photocopies we won’t be able to proceed with their request. We are also asking members to…