The McCloud remedy has been causing concern for public sector workers since the term was first introduced into our regular language after the Court of Appeal ruling back in 2018.
The latest issue has left many doctors still waiting to receive their remediable pension service statements from NHS Pensions for 2022/23 – they were due to be delivered by 6 October. Many of those who have received their statement have found them to contain significant errors.
The statements show the recalculations of pension growth and therefore annual allowance positions across the seven years of the McCloud remedy known as the ‘remedy period’. Repayments might be necessary in either direction – with interest added if you are entitled to a rebate. There are different tax treatments for repayments, depending on the year in question.
We have now been advised that corrected statements should be received by the end of December and missing statements by the end of February.
