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You may have received a 1995/2008 Scheme pension savings statement showing a pension input amount for tax year 2023/24 in brackets, ‘£(10,987.60)', for example. This means that the figure is a negative pension input amount. You need to read the…

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…

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…

Each year, 2015 Scheme pensions for members who are still actively contributing are reviewed to keep up with the rise in cost of living. The 2015 Scheme pensions are reviewed using the Consumer Price Index (CPI) in the year before, plus an…

Pension Awareness Week is all about helping to raise awareness of the importance of pensions. Throughout the week we’ll be sharing information on the NHS Pension Scheme, what it is and why it’s so valuable. If you’ve just recently joined the NHS…

GMP is the least amount you’ll get from your pension scheme by law if you worked between 6 April 1978 and 5 April 1997. How GMP affects you If you worked between 6 April 1978 and 5 April 1997, you would have been contracted out of the State…

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…

NHS England is running free of charge NHS Pension Scheme seminars for nurses, midwives and AHPs in late career, those aged 50 or older. The events cover: An introduction to the NHS Pension Scheme The impact of flexible working on pension…

If you’re a member of the NHS Pension Scheme, your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available to view online now. If your organisation uses Electronic Staff record (ESR), you will be able to use this to…

Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate transfer values for non-Club transfers and pensions on divorce will change. We have been…