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Inflation - a major issue for NHS Pension Scheme members
The purpose of the Annual Allowance legislation is to measure pension growth above inflation, with any excess above the Annual Allowance (standard of £40,000, or lower if tapered), being taxed at your respective marginal rate of income tax.
NHS Pension - 2019/20 Annual Allowance Charge Compensation Scheme
What do I need to do?
An NHS Pension Scheme Annual Allowance and tax 'ready reckoner' has been released for use by scheme members
A new tool has been developed to enable members of the NHS pension scheme to have an insight into their overall position.
New GP partner £20,000 golden hello scheme now open
As part of a commitment made within the ‘Update to the GP Contract 2023/24’, NHS England has confirmed that ‘golden hello’ payments will be available to new healthcare professionals within the General Practice partnership model.
Have you checked that your NHS Pension record is up to date and accurate?
The NHS Pension scheme is considered one of the most generous in the UK and is a substantial benefit for its members.