Time to request your pensions statement


The annual pensions statements for 2020/21 are now available from the NHS Pensions Agency. If you have not already received yours, you should request it now. This document provides important information to help determine your true pension position and whether you are likely to pay tax charges on your pension savings. The ‘annual allowance’ limits […]

New NHS pension consultation launched

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The government has launched yet another pension consultation to discuss significant changes to NHS contributions. This comes as part of the move for all members to begin building benefits in the 2015 scheme from April 2022. The 2015 scheme is based on career average revalued earnings (CARE) unlike the former final-salary schemes of 1995 and […]

Autumn Budget 2021: New tax exemption for NHS pension

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The chancellor announced that NHS Pension Scheme members will not have to pay extra tax if they receive an increase in benefits as part of the ‘McCloud’ remedy. The McCloud remedy sets out how and when those deemed to have suffered age discrimination by moving to the 2015 NHS pension scheme will be compensated in […]

Budget 2021: Freeze on lifetime allowance

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The Chancellor announced that the lifetime allowance will be frozen until April 2026 at its current rate of £1,073,100 instead of increasing in line with inflation. The allowance is a limit on the amount of pension savings which can be accumulated overall without triggering a tax charge. Individuals in defined benefit schemes such as the […]

NHS pension ‘compensation’ choice deferred

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The government has concluded its consultation into when doctors need to decide which pension benefits they want to claim as ‘compensation’ after moving to the 2015 NHS pension scheme and being deemed to have been subject to age discrimination. Doctors will not need to decide which set of pension scheme benefits they wish to receive […]

NHS Pensions flexibility ruled out

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The government has concluded on the ‘pensions flexibility’ consultation, ruling that no flexibility will introduced to the NHS pension schemes, despite overwhelming feedback of the punitive tax charges medical professionals are facing. Many doctors were hoping the see proposed measures introduced which would allow a change of the rate at which NHS pensions grow in […]

Urgent reminder: Annual Allowance compensation action


As you may be aware, the government agreed to pay the annual allowance tax charges of clinicians for 2019/20 under a compensation scheme. If you are eligible for compensation, you must elect to use Scheme Pays to settle the tax charge. While there is still time to apply for Scheme Pays – the deadline is […]

WEBINAR – The 2015 Pension Scheme: explaining your age discrimination decision

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There have been many twists and turns in the path of doctors’ pensions in the last decade but one particularly surprising announcement has been the proposals to address the age discrimination deemed to have been caused by the implementation of the 2015 NHS pension scheme. In 2018, the Court of Appeal ruled that the measures […]