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Lump sum allowances from 6 April 2024
New HMRC lump sum allowances from 6 April 2024
As part of their Spring Budget 2023, the government announced the removal of the lifetime allowance charge from 6 April 2023 and lifetime allowance from 6 April 2024.
The Finance Act 2024 amended the…
Bereavements
You can apply for an adult dependant’s pension if you’re the spouse, civil partner or long term partner of a Scheme member who has died.
Read the survivor's guide (PDF: 377KB) before applying for a dependant's pension.
Watch our video for more…
The Public Services Pension remedy (McCloud remedy)
Every Public Service Pension Scheme is working through significant complexity to put in place the Public Service Pensions Remedy for all affected members
As the largest Scheme, the NHS Pension Scheme has made substantial progress towards…
Contributions to the NHS Pension Scheme are changing
In 2022, the Department of Health and Social Care (DHSC) proposed changes to the amount members pay for their NHS Pension benefits. We wrote to members at the time and explained that some changes would take effect on 1 October 2022, while others…
Department of Health and Social Care confirms changes to Scheme rules for retire and re-join and partial retirement
The Department of Health and Social Care (DHSC) has confirmed that amendments to the NHS Pension Scheme rules will go ahead to help retain more experienced NHS clinicians and remove barriers to staff returning to work following retirement.
The DHSC…
A reminder on maximum service / maximum pension age membership and McCloud
Following regulations for the McCloud remedy which came into effect on 1 October 2023, we are working to offer eligible active members their choice at the point they retire from Summer 2024.
Although maximum service / maximum pension age members…
Payment of pensions after opting out of the NHS Pension Scheme
When a member opts out of the pension scheme (either exit code 16) and carries on working in a non-pensionable capacity, we need to ensure that the correct payable date is used when the member applies for their pension.
Deferred members must submit…
HMRC issue Annual Allowance update
In Pensions Schemes newsletter 112 (31 July 2019) HMRC have asked schemes to remind members who have exceeded the Annual Allowance for 2018/19 and have an Annual Allowance charge that the charge must be declared on their that they have exceeded…
Greenbury update
We published the timescales for Greenbury requests in our Pensions Update of November 2019.
We asked that all requests for disclosure information, which includes pay figures up to 31 March 2020, are received between 7 January 2020 and 28 February…
Department of Health and Social Care launches consultation on proposed changes to Scheme Regulations to support McCloud Remedy
The Department of Health and Social Care has announced a consultation on proposed changes to the NHS Pension Scheme Regulations that will be required to put the first part of the McCloud Remedy in place.
What is included in the consultation
The…