Twitter Linkedin Facebook
Client Login
Contact Us
Twitter Linkedin Facebook
Client Login
Twitter Linkedin Facebook
Client Login

McCloud remedy latest: further consultation launched

nhs heart

Another DHSC consultation has been launched to discern how the government plans to implement the McCloud Remedy.

This is the plan to alleviate the deemed age discrimination caused by moving some members of the NHS pension to the 2015 scheme.

The first consultation last year considered how the legacy pension schemes would close at the end of March 2022 and all members would be moved to the new 2015 scheme in April.

The second part of the plan is to consider how impacted NHS members can claim their remedial benefits. Affected members will be able to choose between remedial benefits from their new scheme or from their legacy scheme for their service during the remedy period which is between 1 April 2015 and 31 March 2022. Crucially, they do not need to decide which option to take until they retire.

The remedy is due to be implemented from 1 October 2023. The consultation will run for 12 weeks until June 2023.

Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited. 18/04/2023

Share this post

Latest posts

Meet the article author...

Ben Manso de Zuniga

Ben Manso de Zuniga

Ben enjoys meeting clients and helping to eliminate the confusion and stress which can often surround financial decisions. He is adept at analysing existing portfolios, establishing their cost-effectiveness, and detailing alternative solutions if needed. Ben loves the fun working atmosphere at the office which he believes helps everyone to be even more productive. In his spare time, he enjoys keeping fit and last year completed the London Marathon. He enjoys cooking and spending time with family and friends.

Get in touch with our financial advisers

Medical Family Finance is your helping hand through life’s challenging financial landscape.

Get in touch with our team to find out how we can help you by using this contact form, or by phoning 020 7252 5765. 

© Medical Family Finance Limited | 020 7252 5765 | administration@medicalfamilyfinance.co.uk

Medical Family Finance Ltd. Registered in England and Wales, under no. 08689906. Registered office address – 2 St Mary’s Road, Tonbridge, Kent, TN9 2LB. Medical Family Finance Limited is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.

The value of pensions and investments and the income they produce can fall as well as rise, you may get back less than you invested.

For ISA’s Investors do not pay any personal tax on income or gains but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA manager.

Tax treatment varies according to individual circumstances and is subject to change.

Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited. 09/05/2023

Prefer to speak to an adviser? Leave your details below and we’ll call back when convenient for you.

Please click here to view our Client Privacy Notice

Medical Family Finance profile
fredie top 100