The ready reckoner was developed by First Actuarial, the independent advisers to the Scheme Advisory Board (SAB) for the NHS Pension Scheme, and commissioned by NHS Employers. It is designed to educate members of the NHS Pension Scheme on pension tax and the value of scheme membership. The ready reckoner provides members of the NHS Pension Scheme with:
- a broad insight into their annual allowance position
- an indication as to whether the tapered annual allowance may apply to their circumstances
- an estimated breakdown of the total annual cost of scheme membership
- an estimate as to how much their annual NHS Pension is projected to increase by over the next year.