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Capitalisation costs
When an employee is made redundant and chooses to claim pension benefits, an employer’s responsibility to pay capitalisation costs is limited so the cost cannot exceed an employee’s redundancy payment.A member is made redundant from NHS employment…
Additional pension
Additional pension allows you to buy extra annual pension if you're an active member of the 2015 NHS Pension Scheme. All active members moved to the 2015 Scheme from 1 April 2022 as part of the public service pensions remedy, also known as McCloud.…
Submitting a redundancy application
An application for pension benefits due to redundancy must be submitted no more than 6 months after the redundancy date.What the member needs to doIf a member wants to claim their pension benefits due to redundancy, they need to complete the …