Scheme Pays deadline extended again

The voluntary ‘scheme pays’ application deadline has been extended again – to March 2021, after an initial delay from 31 July to 31 October 2020. The extra three months is to assist healthcare workers following the COVID-19 response.

Scheme Pays allows the NHS Pension Scheme to pay your annual allowance tax bill to HMRC on your behalf and your benefits in retirement would be reduced accordingly.

There can be tax advantages of using Scheme Pays – find out more by talking to an adviser on 020 7252 5765.

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