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We have noticed an increase in the number of requests from employers received on behalf of the members, to change the decision in relation to their lump sum choice when completing the retirement application form AW8. We are therefore asking…

Employers are required in legislation to provide information to NHS Pensions which enables pension savings statements to be provided to members. This statement informs members whether they have exceeded the annual allowance limit in the NHS Pension…

The NHS Pension Scheme employer contribution rate increased on the 1 April 2019 from 14.3% to 20.6% plus the employer levy of 0.08%. The Department of Health and Social Care’s consultation response announcing the rise, published in March 2019,…

The Department of Health and Social Care (DHSC) has confirmed that amendments to the NHS Pension Scheme rules will go ahead to help retain more experienced NHS clinicians and remove barriers to staff returning to work following retirement. The DHSC…

Since 1 April 2017 NHS Pension Scheme Employing Authorities have been paying a levy to cover the cost of the administration of the NHS Pension Scheme. The levy has been collected along with employers contributions by increasing the rate from 14.30%…

We are continuing to make progress in the timeliness of first pension payments with a total of 3731 applications paid in February so far (25 February) 96.05% were paid either early or on time. The total applications on hand remain stable despite it…

Sharing Our Performance - March 2019 Our level of performance continues to be maintained as we strive to process first pension payments in a timely manner. As of 26 March, a total of 3852 applications have been processed, 97.49% of which were paid…

HMRC has introduced a new digital service that will enable members who have new annual allowance charges, or changes to annual allowance charges as a result of rollback, to: • reassess any previous annual allowance charges during the remedy period…

Legislative requirements place a responsibility upon employers to provide information to NHS Pensions. This information will enable NHS Pensions to provide an Annual Allowance statement to members who could be affected. The requirements specify…

When a member opts out of the pension scheme (either exit code 16) and carries on working in a non-pensionable capacity, we need to ensure that the correct payable date is used when the member applies for their pension. Deferred members must submit…