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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…
New guidance for members who may hold or have held enhanced or fixed protection from lifetime allowance charges
On 28 February 2022 HMRC published new guidance for public service scheme members with enhanced or fixed protection.
Lifetime allowance is the total benefits you can build up from all registered pension schemes without incurring a tax charge. Since…
Extension of 2020/21 voluntary scheme pays deadline 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, the decision has been taken to extend the voluntary scheme pays deadline for 2020/21.
If you have an annual allowance…
Extension of 2020/21 voluntary scheme pays deadline 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, the decision has been taken to extend the voluntary scheme pays deadline for 2020/21.
If a member has an annual allowance…
Message from Theresa Britton - Head of Service for NHS Pensions
Dear Colleagues,
I just wanted to take this seasonal opportunity to tell you about the progress we are making to improve NHS Pensions’ services.
This past year we have taken a huge step forward by successfully implementing a new internal work…
Equitable Life Money Purchase Additional Voluntary Contributions (MPAVCs) – Change of bank details
In Employer Newsletter 2 – February 2017 we advised that the Equitable Life Assurance Society had changed the bank account for the payment of contributions for members of the NHS Money Purchase Additional Voluntary Contribution (MPAVC) scheme with…
Sharing our performance update - December 2018
We are pleased to say that the Awards recovery plan is now complete. As part of our normal business as usual activity, we have some pension applications awaiting information from members or employers and as soon as this information is received we…
Update to Coronavirus Job Retention Scheme (CJRS)
Further to the NHS Pensions and the Coronavirus Job Retention Scheme (CJRS) article in our June 2020 newsletter, HMRC has published further information as part of their business support during COVID-19, which confirms the way in which the furlough…
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…