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Contingent decisions
Every Public Service Pension Scheme is working through significant complexity to put in place the Public Service Pensions Remedy for all affected members.
As the largest Scheme, we have made a lot of progress towards implementing the remedy so…
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…
Understanding the effect of the McCloud remedy period rollback on annual allowance
If you're affected by the changes to public service pension schemes, sometimes known as ‘McCloud’ or the Public Service Pension Remedy, you will be asked if you would like to receive legacy scheme or reform scheme pension benefits for your…
HM Treasury release public service pension schemes consultation (McCloud)
HM Treasury has released their consultation document following the Court of Appeal judgment in December 2018 sometimes referred to as ‘McCloud’. The consultation sets out a number of options from the government following the judgement.
If you are a…
Department of Health and Social Care launches consultation on proposed Scheme regulation changes for second stage of McCloud Remedy
The Department of Health and Social Care (DHSC) has announced a consultation on proposed changes to the NHS Pension Scheme regulations, which are required to implement the second part of the McCloud remedy.
In 2015 the government made changes to…
The public service pensions remedy – McCloud
Every Public Service Pension Scheme is working through significant complexity to put in place the Public Service Pensions Remedy for all affected members
As the largest Scheme, the NHS Pension Scheme has made substantial progress towards…
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…
A reminder on maximum service / maximum pension age membership and McCloud
Following regulations for the McCloud remedy which came into effect on 1 October 2023, we are working to offer eligible active members their choice at the point they retire from Summer 2024.
Although maximum service / maximum pension age members…
Important news if you've received a 1995/2008 Scheme pension savings statement for 2023/24
You may have received a 1995/2008 Scheme pension savings statement showing a pension input amount for tax year 2023/24 in brackets, ‘£(10,987.60)', for example. This means that the figure is a negative pension input amount.
You need to read the…
Making your decision about your NHS Pension benefits
Every Public Service Pension Scheme is working through significant complexity to put in place the Public Service Pensions Remedy for all affected members
As the largest Scheme, the NHS Pension Scheme has made substantial progress towards…