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If you’re made redundant and choose to claim your NHS Pension benefits before your normal retirement age, you may incur a capitalisation cost. When capitalisation costs applyYou incur this cost only if you claim your pension early and choose to…

Each year, we update your pension record to 31 March using information from your employer.Your pension statement will reflect this. It will come in the form of either a:Total Reward Statement (TRS)Annual Benefits Statement (ABS)Each of…

Delays in sending 2024/25 Pension Savings Statements (PSS)We apologise for the delay in issuing your 2024/25 PSS. Our team is working through the remaining PSS as quickly as possible. We do not currently have a confirmed expected date to issue all…

Overpayment of an NHS Pension can happen for a few reasons. For example, if your pension has been revised or if you're a:surviving spouse or partnerchild dependantre-employed pensionerSurviving spouse or partnerThere may have been an…

We're expecting an increase in estimate requests over the next few monthsBecause of this, we're reviewing our redundancy estimate processes to make it easier for you.If you need a redundancy estimate for a member, you can request one from us. Only…

Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’. The figures are based on market conditions at this date. Costs could vary significantly at…

The NHS Pension Scheme is a defined benefit occupational pension scheme. It’s open to all NHS employees and employees of other approved organisations. Pension benefits are based on earnings and how long a member has been in the Scheme. Backed…

The value of pension benefits can be taken into consideration in a divorce settlement.If a member is getting divorced, they may be asked for a cash equivalent transfer value of their pension benefits.If they do, you will need to complete the Pay…

Both Officer pension statement and Practitioner pension statement show your standard benefits. Standard benefits are an estimate based on the latest known information to show what your pension may be worth at this time. If you want to take…

Following these steps will help make sure members receive the correct pension payments on time and reduce queries and delays. This guide sets out the key actions for Employment Authorities (EAs) to complete before submitting a Partial…