We have released a new quick guide designed to help you raise awareness of the options available to members of the NHS Pension Scheme affected by the annual allowance.
The handy one-page guide can be shared with staff to highlight the options available, such as:
- carrying forward unused allowance from previous tax years
- using scheme pays to pay the tax charge to HMRC, with a corresponding reduction to their benefits in retirement
- paying the tax charge from existing personal funds or savings.
You can find the guide on our website.
We have a wide range of further pension tax resources available on our pension resource library.
Please tell us what you think about our products and resources by emailing firstname.lastname@example.org.