05 / 12 / 2013 9.14am
The consultation seeks views on the proposed increases to employee pension contributions, new scheme access arrangements for independent providers and changes to the lifetime allowance limit.
The consultation covers:
Increases to employee contributions from 1 April 2014
The NHS is moving into the final year of the three year increases to employee contributions. This consultation outlines the proposed increases for 2014/15 which will come into force on 1 April 2014.
NHS Employers would like to hear you views on the proposed increases to employee contributions, for further information please see Increased contributions.
New scheme access arrangements for independent providers
The proposed final agreement included a commitment to review NHS Pension Scheme (NHSPS) access for new providers of NHS clinical services. Under the proposed arrangements, set out in the NHS Pension Scheme (Amendment) Regulations 2014, independent providers who meet certain access criteria, will be able to the offer access to the NHS Pension to employees in their organisation who are carrying out NHS funded clinical services.
For further information on the new access arrangements, please see the Social Partnership Forum website.
Changes to the HMRC lifetime allowance
The Finance Act 2013 proposed a reduction to the lifetime allowance limit from the current £1.5m level to £1.25m with effect from 6 April 2014. New transitional measures include two new protection facilities for individuals who would be affected by the new lower limit.
For further information on pension contribution tax relief please see our webpage.
Further information on the consultation can be found on the Department of Health consultation webpage.
Consultation closing date: Monday 10 February 2014.