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Submitting a lump sum choice through Pensions Online
When entering a member’s retirement lump sum (part 10 of the paper AW8) in to Pensions Online (POL), you are unable to specify whether the member wishes to receive the maximum lump sum which may incur a tax charge, or whether they wish to receive…
Earnings cap
Scheme membership built up from 1 April 2008 is no longer subject to the pensionable earning cap.
However, those that were subject to the cap in respect of some or all of their membership before that date, who are buying added years or unreduced…
Part time pensionable pay update
Further to an article in the January 2016 Employer Newsletter, we are continuing to consider the system changes required to ensure that the whole time equivalent pay is calculated correctly for part time staff who are in receipt of supplementary…
CCGs and the retention of Special Class and Mental Health Officer status
NHS Pensions has noted an increase in requests for Special Class and Mental Health Officer status for members who are working for CCGs.
Special Class and Mental Health Officer status is primarily for members of staff who are engaged in the hands on…