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Factor change for redundancy 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 the capitalised cost for redundancy and interest of efficiency of the service have changed.…
Lifetime allowance
Closing date for new applications for Fixed or Individual Protection 2016
After 6 April 2025 HMRC will not be accepting new applications for either Fixed or Individual Protection 2016. More information about applying for these protections can be…
Joiner and eligibility guides for employers
Eligibility for active and deferred members joining (for the first time) or re-joining the NHS Pension Scheme
We have published a new guide for employers on our website which provides guidance for active and deferred members when joining (joining…
NHS Pensions McCloud Remedy Benefits Illustrator
If you’re a member of the NHS Pension Scheme and you’re affected by the public service pensions remedy (‘McCloud’ remedy), you can use the Remedy Benefits Illustrator to understand how your remedy choice is likely to affect your pension overall.…
Make Contribution Payments (MCP) update
The Stakeholder Engagement Team, working with the Digital Project Team, have been continuing the rollout of our new financial information collection service, MCP. Over 30% of employers are now on-boarded to the service. If you have been sent an on-…
Reminder: late AW8 retirement application submissions
We have identified an increase in the number of AW8 forms being submitted very late, or long after the members intended retirement date, resulting in an increase in complaints.
When an active member wants to retire and claim their pension (…
Update for dental providers and commissioners: Reconciliation arrangements for 2022/23
On behalf of NHS England and NHS Improvement (NHSEI), we recently emailed you a letter covering year end arrangements and 2022/23.
Additional information from NHSEI for dental providers and commissioners in England is now available:
Reconciliation…