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Processing 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 changed.
We are now able to…
NHS Wales 2019/20 Pensions Annual Allowance Charge Compensation Policy - information for employers
In December 2019, the Welsh Government announced that clinical staff who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can be compensated in retirement for any reduction to their NHS Pension…
Claims for repayment of initial or limited survivor pension paid to widow, widower or civil partner
The NHS Pensions Operational Finance team has fully transitioned to using a paperless system for processing claims for the re-imbursement of initial or limited survivor pension. We therefore require the FIN9 Claim form in a PDF format for audit…
Clarification on annual allowance statements
We would like to clarify our current position in regards to providing annual allowance pension savings statements.
Recently we have issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October…
Special Class and Mental Health Officer status
We’ve updated our guidance for each status and there are factsheets available for employers and members.
There are eligibility criteria for the employment groups that can automatically qualify and for circumstances where an application might be…
Employer actions for 2022/2023 annual updates
All employing authorities (EAs) are required to submit end of year information to NHS Pensions on an annual basis to enable us to update member records.
You must submit this information to NHS Pensions by Wednesday 31 May 2023.
If you use…
Completing the Service Membership Form SM1
Following a recent determination by The Pension Ombudsman we have revised our guidance to employers to confirm how duties should be assessed when determining Mental Health Officer (MHO) status for a member of the 1995 Section of the NHS Pension…
Re-assessing tiered contribution rates
The general basic rule is that a contribution tier for existing Officers Scheme members is set using the previous years’ pensionable earnings or whole time equivalent for members working part time. This is unless there has been, or there is, a…
Update on claims for re-imbursement of initial widows/widower pensions
The NHS Pensions Finance team is now using a paperless system for processing claims for re-imbursement of initial widow/widowers pensions (IWP). Therefore, we now require the form to be sent in a PDF format for audit purposes with a view to…
The HMRC Digital Service
HMRC has introduced a new digital service that will enable members who have new annual allowance charges, or changes to annual allowance charges as a result of rollback, to:
• reassess any previous annual allowance charges during the remedy period…