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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…
Information for independent financial advisors (IFAs)
This information is intended to support independent financial advisors (IFAs), unions and other bodies or organisation representing individual members.
You can find out:
how to access information about a specific member
NHS Pensions scheme year…
NHS Pensions Finance
Contribution collection
Payment schedule
NHS employers have a statutory duty to ensure scheme contributions reach the NHS Pensions’ bank account by the 19th of the month following the month in which the earnings were paid to the member.
2025 to…
Update for employers on NHS Pensions coronavirus (COVID-19) response
In response to the coronavirus (COVID-19) outbreak, we have taken, and continue to take, proactive steps to ensure we support members, employers and colleagues.
This has included introducing a number of easements and changes to processes to…
Understanding the effect of rollback on annual allowance
The Public Service Pensions Remedy and pension tax
Some members affected by the Public Service Pensions Remedy, also known as McCloud, will need to update their pension tax information with HM Revenue & Customs (HMRC).
This is because, as part…
Applications for Protection of Pay (where pay is reduced)
This is a further reminder for employers to ensure that any applications for Protection of Pay or Voluntary Protection of Pay are submitted to NHS Pensions within the relevant time limits. Also, that sufficient, supporting information is included…
NHSEI 2019/20 Pensions Annual Allowance Charge Compensation Policy
In November 2019, NHS England and NHS Improvement (NHSEI) announced that clinical staff who go over their annual allowance for the 2019/20 tax year and who use Scheme Pays to pay the tax charge can be compensated in retirement for any reduction to…