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Clarity around protection of pay estimates
Following the Employer Newsletter article about protection of pay estimates published in June, we have provided the below guidelines:
Upon request we will provide a ‘most beneficial’ Age estimate, including protection of pay/multiple breaks, for…
HMRC's Lifetime Allowance protection look up service
HMRC have published a look up service that allows scheme administrators to check the status of a Lifetime Allowance protection certificate.
However, the look up service does not give all the necessary confirmation to allow NHS Pensions to calculate…
Data update for non Pensions Online organisations
Invitations for non Pensions Online (POL) users year end update training events have now been sent. If you haven’t received your invitation via email and would like to attend, please email nhsbsa.stakeholderengagement@nhs.net as soon as possible.…
Lump sum
If you’re a member of the 1995 Section
The 1995 section automatically provides members with a lump sum at retirement. This is normally 3 times their pension.
If you're a member of the 2008 Section
If you moved to the 2008 section as part of the…
Annual Allowance and self assessment tax returns
HM Revenue & Customs (HMRC) have asked pension schemes to remind members that:
“it is really important that those who have exceeded the Annual Allowance for (the tax year) 2016 to 2017 to declare this on their Self Assessment tax return (the…
Submitting a retirement benefits claim form (AW8) on Pensions Online (POL)
Since changes to Pensions Online (POL) were implemented in September, we have received a large number of AW8s that have been submitted with either incorrect payable dates or incorrect reasons for retirement. We have also received applications that…
Employer Newsletter distribution list
The Employer Newsletter is automatically sent to the email address we hold on record for the main pensions contact at each organisation. Therefore it is important that contact details are kept up to date.
The contact details we hold for your…
Pre-retirement course presentation
We have produced a presentation that you can use to provide information to members at pre-retirement courses. This has been developed with input from employer representatives on the Service Improvement and Development (SID) Board, and has received…
Greenbury update
The Greenbury window for submission has been available since Monday the 7 of January 2019, to date we have received 2519 requests and have cleared 1935 of them.
The disclosure window is open until Thursday 28 February 2019 to enable us to provide…
Sharing our performance - July 2019
First awards
A total of 4708 applications have been processed so far in July of which 99.47% were paid on time.
To recap, for the full month of June 4616 were processed of which 98.57% were paid on time.
Bereavements
Bereavements recovery is…