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In Employer Newsletter 2 – February 2017 we advised that the Equitable Life Assurance Society had changed the bank account for the payment of contributions for members of the NHS Money Purchase Additional Voluntary Contribution (MPAVC) scheme with…

There are 3 main reasons why an annual benefit statement (ABS) may not be available for your members. These are listed below with some examples: There is an issue that needs to be investigated. This could be because: We have a query about the…

Apply for Healthy Start If you do not currently get Healthy Start payments and think you're eligible, you can find out more about how to apply on the Healthy Start website: Apply for Healthy Start Update your details If you currently get Healthy…

MPAVC allows you to make more contributions to build a separate retirement fund. How MPAVC works The additional contributions you make are invested. They are used to supplement your main scheme benefits at retirement or later. You can take up to…

Contributions paid to additional pension benefits qualify for tax relief. They cannot exceed 100% of your taxable pay. Lifetime Allowance From 6 April 2006 to 5 April 2024 HM Revenue and Customs (HMRC) set a lifetime allowance limit. This is on…

Revised redundancy conditions for employees  From 1 April 2015, new redundancy provisions were introduced as part of the 2015 pay settlement for staff. This is covered by Agenda for Change terms and conditions When an employee is made redundant…

Urgent action is needed to cleanse data in readiness for the 2022/23 year end updates. There are currently 250,000 errors allocated to employers in Pensions Online (POL) error handling. Over 93,000 are year-end updates for 2022 or earlier years.…

If you’re a member of the NHS Pension Scheme, your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available to view online now. If your organisation uses Electronic Staff record (ESR), you will be able to use this to…

From 1 September 2017 the Data Management option on the employer helpline will be removed. Any member records that urgently need updating for members claiming their benefits should be emailed to nhsbsa.datamanagement@nhs.net with the words Award…

Amendments will be made to Pensions Online (POL) to allow employers to submit AW8 retirement applications for members of the 2015 Scheme and members who have benefit entitlement in multiple schemes. This enhancement is currently anticipated to go…