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NHS Pension Scheme pension tax ready reckoner republished

We have relaunched the NHS Pension Scheme annual allowance and tax ready reckoner for the 2021/22 tax year.

2 July 2021

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. 

For a demonstration of how to use the tool you can also watch the recording of the NHS Pension Scheme annual allowance and tax ready reckoner webinar