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Pension scams
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Pensions scams
Anyone can fall victim to pension scams because they can be difficult to spot. In one year, 1 in 17 adults were victims to fraud according to the 2023 Crime Survey for England and Wales.
Scammers are typically…
Temporary suspension of cash equivalent transfer value (CETV) calculations
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…
Applying for your pension benefits – retirement application form AW8
If you are an active member of the NHS Pension Scheme or have opted out but remain in NHS employment you must inform your employer of your intention to retire around 4 months before your retirement date. This allows us enough time to calculate and…
Changes to how you can submit a scheme pays election if you are about to retire
If you have an annual allowance charge you can either pay the charge directly to HMRC yourself or share the responsibility for the payment with the NHS Pension Scheme using the scheme pays facility.
This is known as a scheme pays election. The NHS…
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 2019/2020 voluntary scheme pays deadline for members with an annual allowance charge
Extension of voluntary scheme pays deadline 2019/2020 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, we have taken the…
GP members of the 2015 Scheme - 2016/17 contribution rate
If during 2016/17 you elected to work in a GP practice on a long term (more than six months) self-employed basis and recorded your work, in NHS pension terms, as a type 2 medical Practitioner, rather than as a freelance GP locum, you may ask NHS…
Department of Health and Social Care launches consultation on changes to the NHS Pension Scheme regulations
The Department of Health and Social Care is consulting on proposals to change the NHS Pension Scheme regulations.
The changes will make survivor benefits in the 1995 Section equal
There are two NHS Pension Schemes, the 2015 NHS Pension Scheme…
Factor review 29 October 2018
Suspension of certain calculations involving actuarial factors
In the budget on 29 October 2018, HM Treasury announced a revision to the basis for the calculation of Cash Equivalent Transfer Values (CETVs) payable from public service pension…
Refreshed TRS and Annual Benefit Statements now available
Refreshed Total Reward Statements (TRS) and Annual Benefit Statements (ABS) are now available.
Visit our TRS website to find out how to view your statement.
Each year your pensions records are updated to the 31 March from information sent to us by…