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Pension scams
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Pensions scams
Anyone can fall victim to pension scams because they can be difficult to spot. In one year, 1 in 17 adults were victims to fraud according to the 2023 Crime Survey for England and Wales.
Scammers are typically…
Annual Allowance and self assessment tax returns
HM Revenue & Customs (HMRC) have asked pension schemes to remind members that:
“it is really important that those who have exceeded the Annual Allowance for (the tax year) 2016 to 2017 to declare this on their Self Assessment tax return (the…
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
GP members of the 2015 Scheme - 2016/17 contribution rate
If during 2016/17 you elected to work in a GP practice on a long term (more than six months) self-employed basis and recorded your work, in NHS pension terms, as a type 2 medical Practitioner, rather than as a freelance GP locum, you may ask NHS…
Factor review 29 October 2018
Suspension of certain calculations involving actuarial factors
In the budget on 29 October 2018, HM Treasury announced a revision to the basis for the calculation of Cash Equivalent Transfer Values (CETVs) payable from public service pension…