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Pensions Online – Error Handling
Pensions Online (POL) error handling has a facility for employers to submit a comment on an error, to the NHS Pensions Data Management Teams. Employers are asked to submit comments where additional information can be provided to enable NHS Pensions…
Exit Code 16 - Opted out of the Scheme
Employers are reminded of the importance of using the correct termination code when closing down a pension record normally from the beginning of the next pay period.
Exit code 16 should be used for all cases where the member continues to work but…
Part 10 of the retirement application form AW8 - lump sum choice
We have noticed an increase in the number of requests from employers received on behalf of the members, to change the decision in relation to their lump sum choice when completing the retirement application form AW8.
We are therefore asking…
Employer reminder - annual allowance information required
Employers are required in legislation to provide information to NHS Pensions which enables pension savings statements to be provided to members. This statement informs members whether they have exceeded the annual allowance limit in the NHS Pension…
Pensions Online (POL) year-end update event 23 April 1pm to 2:30pm
Sign up to our LIVE event on Tuesday 23 April 1pm to 2:30pm on Eventbrite: https://www.eventbrite.co.uk/e/855896468377?aff=oddtdtcreator
This event is for employers that only have access to POL.
We will:
show you how to complete the…
Pensions revaluation headline statement – DHSC
The NHS Pension Scheme employer contribution rate increased on the 1 April 2019 from 14.3% to 20.6% plus the employer levy of 0.08%.
The Department of Health and Social Care’s consultation response announcing the rise, published in March 2019,…
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…
Sharing our performance update - February 2019
We are continuing to make progress in the timeliness of first pension payments with a total of 3731 applications paid in February so far (25 February) 96.05% were paid either early or on time. The total applications on hand remain stable despite it…
Sharing our performance update - March 2019
Sharing Our Performance - March 2019
Our level of performance continues to be maintained as we strive to process first pension payments in a timely manner. As of 26 March, a total of 3852 applications have been processed, 97.49% of which were paid…
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…