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Factor change for redundancy calculations
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate the capitalised cost for redundancy and interest of efficiency of the service have changed.…
The HMRC Digital Service
HMRC has introduced a new digital service that will enable members who have new annual allowance charges, or changes to annual allowance charges as a result of rollback, to:
• reassess any previous annual allowance charges during the remedy period…
Partial retirement – November 2023 update
We have updated the partial retirement supplementary form, estimate request form, and factsheets based on feedback. You can download the latest version of the form and factsheets from our website.
Partial retirement supplementary form
Partial…
Pensions Online (POL) downtime for January and February 2024
POL will be available throughout January and February between 7am and 7pm apart from the following dates when there will be downtime for scheduled system maintenance:
Sunday 21 January
Saturday 17 February
Sunday 25 February …
Disclosure of senior managers’ remuneration Greenbury 2024
The Greenbury functionality within Pensions Online (POL) is now available.
Please provide the best estimated pay figure, as you can only make one submission. Requests for disclosure information should be received by NHS Pensions between 15 January…
Price Change for Additional Pension Payment and ERRBO
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the prices used to calculate Additional Pension purchases have changed. These will be implemented from 1 April 2024. All…
NHS Pension contributions remittances
For those Employing Authorities who do not utilise or have not onboarded the Making Contribution Payments (MCP) or (Pensions Online) POL platforms we would like to remind you to include a payment remittance when submitting your contribution payments…
Capacity code reminder
Employers are reminded that when a member with a 03, 08 or 10 capacity code changes from part time to whole time or vice versa, or hours to sessions, the employment must be closed and reopened on Pensions Online (POL) to ensure benefit calculations…
McCloud remedy status
An addition has been added to Pension Online that refers to McCloud.
The new Pensions Online functionality will be called ‘McCloud Remedy Status’ and will appear on the list of options from the main ‘Employer menu’ page in Pensions Online and…
Administration Foundation Course dates for March 2024
This course is available to all new local administrators of the NHS Pension Scheme who are less than 12 months in post and provides an overview of what is expected of you as an NHS Pension Scheme administrator throughout a Scheme year.
At the end…