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Important information for members who have recently received an annual allowance statement
We have become aware of an error that may have affected some pension savings statements dated between 20 April and 27 April 2022. These statements were issued on 28 April 2022.
As a precaution we are recalculating and issuing new statements to all…
Divorce or dissolution of a civil partnership
The value of pension benefits can be taken into account in a divorce settlement.
If a member is getting divorced, they may be asked to obtain a cash equivalent transfer value of their pension benefits.
If they do, they will ask you to complete the…
Terminal ill health cases
For terminal ill health cases, an AW341 application form is required along with the AW33E.
The team have recently noticed an increase in terminal ill health estimates being requested where the commuted incapacity box has been ticked in error to…
The NHS Pension Scheme for England and Wales – proposed flexibility – consultation document
We are consulting on a new set of proposals to offer senior clinicians more control over their pensions growth, so they can continue to provide the services that patients need.
Senior NHS clinicians are concerned that pension tax charges are making…
Total Reward and Annual Benefit Statements midyear refresh
The data cut for the midyear refresh of statements will be taken over the weekend of 12 October 2019. Any data amendments must be made by 7pm, Friday 11 October 2019.
The refreshed statements will be available in December 2019.
Customer satisfaction surveys
We are now undertaking our employer surveys on a monthly basis and the feedback that is provided helps us to assess and improve our existing processes. It also enables us to look for additional ways in which we can improve the service provided.…
Employer guidance where employees have a temporary reduction in hours
The below guidance is for employers where employees are not furloughed, but have a temporary reduction in hours applied.
If an employee has a reduction in contractual hours (e.g. from whole-time to part-time) their pensionable pay will also reduce…
New guidance for members who may hold or have held enhanced or fixed protection from lifetime allowance charges
On 28 February 2022 HMRC published new guidance for public service scheme members with enhanced or fixed protection.
Lifetime allowance is the total benefits you can build up from all registered pension schemes without incurring a tax charge. Since…
Pension Awareness 2023: Building a solid future
Pension Awareness Week is all about helping to raise awareness of the importance of pensions. Throughout the week we’ll be sharing information on the NHS Pension Scheme, what it is and why it’s so valuable.
If you’re actively contributing to the…
Department of Health and Social Care launches consultation on NHS Pension Scheme member contribution rates
The Department of Health and Social Care has announced a consultation on proposed changes to the member contribution rates for the NHS Pension Scheme.
New structure for member contributions
This new member contribution structure will contain new…