Search results

We would like to clarify our current position in regards to providing annual allowance pension savings statements. Recently we have issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October…

There are 3 main reasons why an annual benefit statement (ABS) may not be available for your members. These are listed below with some examples: There is an issue that needs to be investigated. This could be because: We have a query about the…

We have received enquiries from employers seeking clarification in relation to locally agreed payments and whether they are pensionable or not. Local agreed payments may be pensionable up to whole-time provided the member meets the normal criteria…

If you're aged 55 and over and you have agreement from your employer, you can choose to take part, or all of your pension benefits while you continue working in NHS employment and build your pension benefits in the 2015 Scheme. This is called…

Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’. The figures are based on market conditions at this date. Costs could vary significantly at…

There has been an increase in queries from employers relating to pensionable pay for 1995 Section members. We want to provide a better understanding for you of how our processes work for awards and sub awards and help alleviate some your concerns.…

Following our previous update, we can now provide more information to Scheme members affected by the 2023/24 pension savings calculation error. We have written to affected members directly and will continue to provide regular updates. You do not…

If you are an active member of the NHS Pension Scheme or have opted out but remain in NHS employment you must inform your employer of your intention to retire around 4 months before your retirement date. This allows us enough time to calculate and…