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Pension Awareness 2023: Taking a flexible approach
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 important.
Alongside your salary, your NHS pension…
Member contribution rate for 2021/2022
We can confirm that there will be no changes to the member tiers and contribution rates for 2021/22. The current member contribution rate tiers will be extended to 31 March 2022.
For more information, go to our Cost of being in the Scheme page.
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…
31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
31 March 2022 deadline for 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCS) approaching
Eligible clinicians who go over their annual allowance for the 2019/20 tax year and who use scheme pays to pay the tax charge can apply to be compensated in retirement for any reduction to their NHS Pension Scheme benefits.
The deadline for…
Further update on annual allowance statements
Further to guidance issued on 10 October 2019, we would like to update members on annual allowance statements.
We issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October 2019. However, we…
Update on the temporary suspension of cash equivalent transfer value (CETV) calculations
Following the change to the discount rate used for public service pension scheme that HM Treasury announced on 30 March 2023, the factors used to calculate CETVs for members transferring out of the Scheme, and calculating CETVs for divorce purposes…
PCSE application window for Pensions Annual Allowance Charge Compensation Scheme forms opening 2 August 2021
GPs in England who have an annual allowance charge for 2019/20 and wish to apply to the 2019/20 Pension Annual Allowance Charge Compensation Scheme (PAACCs) must submit their application form to be endorsed by Primary Care Support England (PCSE)…
Change of postal address for HMRC Pension Schemes Services
If writing to HMRC in respect of Annual or Lifetime Allowance, HMRC's postal address has changed to:
Pension Scheme Services
HM Revenue and Customs
BX9 1GH
United Kingdom