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Understanding the effect of the McCloud remedy period rollback on annual allowance - information for employers
Members affected by the changes to public service pension schemes, sometimes known as ‘McCloud’ or the Public Service Pension Schemes’ Remedy, will be asked if they would like to receive legacy scheme or reform scheme pension benefits for their…
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…
Our response to coronavirus (COVID-19)
We're working on a variety of projects and tools to support health and care as part of the government response to coronavirus (COVID-19).
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…
Death Benefits payable
The death benefits that are payable are based on a percentage of the deceased’s pensionable pay. The percentages are shown in the table below.
Dependants
Amount of average pay to be provided following death…
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…
Financial forecasting
Financial forecasting helps commissioners and providers with financial planning.
The forecast out-turn is a forecast of the spend for each practice for the current financial year, calculated using the expected profile of expenditure for England…