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War Pension Scheme and Armed Forces Compensation Scheme
If you receive War Pension Scheme or Armed Forces Compensation Scheme payments and are under the age of 60, you can request a war pension exemption certificate from Veterans UK.
A valid war pension exemption certificate entitles you to:
free NHS…
New episode of NHS Pensions Podcast
The third episode of our NHS Pensions podcast is now available. The third instalment delves into the various benefits of the NHS Pension Scheme including additional pension, lump sums, early retirement, and ill health options.
The podcast series is…
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…
Transferring into the Scheme
If you have another pension, you can apply to transfer it into the NHS Pension Scheme. Any pension transferred in will be added to your benefits in the NHS Pension Scheme.
Moving within the NHS
If you move from one NHS employer in England and…
Tax implications
Contributions paid to increase benefits qualify for full tax relief. They cannot exceed 100% of your taxable pay.
Lifetime Allowance
Since 6 April 2006 HM Revenue and Customs (HMRC) has set a Lifetime Allowance limit. This is on tax free pension…
Clinical Excellence Awards
From 1 April 2018 there are new arrangements regarding the pensionable status of Local Clinical Excellence Awards (CEA) awarded to Consultants.
Where a Consultant was already in receipt of a Local Clinical Excellence Award prior to April 2018 that…
Members seconded from their regular employment to assist with COVID-19 vaccinations
We are receiving enquiries from employers in relation to staff members working on coronavirus (COVID-19) vaccinations and how this will impact pension contributions.
Members being seconded from their regular NHS employment e.g. from surgeries,…
Benefits payable on death
In the event of your death, a lump sum and pension benefits for your dependants may be payable.
The benefits payable will depend on your circumstances at the time of your death.
A lump sum on death is a normally tax free sum of money that:
is…
2021/22 Pension savings statements
We are currently sending pension savings statements to members whose pension benefits have increased by more than the standard annual allowance.
The annual allowance is the maximum amount of tax-free growth an individual’s pension can grow by in…
2021/22 Pension savings statements
We are currently sending pension savings statements to members whose pension benefits have increased by more than the standard annual allowance.
The annual allowance is the maximum amount of tax-free growth an individual’s pension can grow by in…