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NHS Pension Scheme employer contribution rates 2022/23
The NHS Pension Scheme employer contribution rate increased on 1 April 2019 from 14.3% to 20.6%, plus the employer levy of 0.08%.
In March 2019 the consultation response announcing the rise, the Department of Health and Social Care (DHSC) confirmed…
Temporary suspension 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 will change.
We have been…
Submitting the retirement benefit claim form (AW8) on Pensions Online - incorrect payable date
When you are completing the retirement benefit claim form (AW8) on Pensions Online (POL), make sure you have entered the correct payable date. There are a number of common errors when submitting form AW8 via POL:
Input as Age retirement but not…
Make Contribution Payments (MCP) update
The Stakeholder Engagement Team, working with the Digital Project Team, have been continuing the rollout of our new financial information collection service, MCP. Over 30% of employers are now on-boarded to the service. If you have been sent an on-…
Marriage Certificates as Supporting Evidence
When accepting supporting documentation a NIKAH NAMA Muslim marriage certificate cannot be accepted as evidence of marriage. This unfortunately is not a legitimate certificate under UK law unless it is accompanied by a civil ceremony certificate.…
Further update on 2021/22 NHS Pension Scheme employer contribution rates
Further to the announcement in our January edition of the Employer Update, that the transitional arrangement for the increase of employer contributions will continue during 2021/2022, it has been confirmed that this arrangement will continue for…
Revised employer Scheme access guidance for ARRS and PCN direct hires working on DES
New guidance is available for employers for direct hire Additional Roles Reimbursement Scheme (ARRS) employees and direct hire Primary Care Network (PCN) employees working on the Network Contract Directed Enhanced Services (DES).
The guidance has…
Guidance for employers on strike action and action short of strike and pension records
Where an employee goes on strike the information provided previously remains relevant.
Where an employee undertakes action short of strike i.e. they work to rule, there are no disallowed days to add to the members pension record and if part-time…
Earnings cap
Scheme membership built up from 1 April 2008 is no longer subject to the pensionable earning cap.
However, those that were subject to the cap in respect of some or all of their membership before that date, who are buying added years or unreduced…
Exceeding Whole Time action required
As the deadline for issuing pensions saving statements approaches please action any SM8’s received.
If the contributions and pay are not amended in line with a reduction in hours/sessions worked, the member may receive an incorrect Annual Allowance…