Your new benefits will be instead increased by a government-set measure, currently the Consumer Prices Index. In , that was 2. This scheme also looks after your family if something should happen to you. The NHS Pension Scheme provides lump sum and pension benefits in the event of your death, which are detailed below:. You can nominate that your spouse, registered civil partner or qualifying nominated partner receive a lump sum when you die. The lump sum will be around 2 x annual earnings. NHS pensions were in the news with calls for changes to the pension annual allowance in relation to medical staff.
This was designed to reduce the amount of tax relief higher earners can get on pension contributions. If you exceed your annual allowance, you get hit with a tax charge. We've explained this in detail in our guide to how the pensions annual allowance works.
The upshot could be an unexpected tax bill to be paid upfront to protect a pension paid out years later. This was leading to doctors cutting back on hours or retiring because they could not afford the tax bills that came with the additional income they earned. This was having a knock-on effect on hospital waiting times. There is further uncertainty around NHS pensions following a legal ruling in June that found age discrimination in public sector pension schemes for firefighters means that different treatment based on age will need to be 'remedied' for NHS scheme members as well.
The court case considered the potentially discriminatory impact of the pension changes that were introduced in These changes saw public sector workers who were aged under 50 on 1 April denied benefits offered to those closer to retirement age. It is unclear so far how the discrepancies will now be reconciled.
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Glossary of commonly used terms. JavaScript is required for the best user experience. Without it you will experience limited functionality. NHS pension calculator. The information contained within this article is not a complete or final statement of the law and is based on the laws of England, Wales, Scotland and Northern Ireland. While UNISON has sought to ensure that the information is accurate and up to date, it is not responsible and will not be held liable for any inaccuracies and their consequences, including any loss arising from relying on this information.
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Coronavirus: what you need to know. Search for:. Call us on 0 Email us. Follow us Twitter Facebook Youtube. Menu Home Get help Knowledge base Pensions. NHS Pension Scheme. Consultation on NHS Pension Scheme survivor pensions England and Wales The Department of Health and Social Care is consulting on proposals to change NHS Pension Scheme regulations, which include looking to correct the long-standing inequality of male survivors of Section female scheme members receiving pensions based on post 6 April service only.
New death in service provision for health and care staff during pandemic Following heavy pressure from UNISON and other health unions, the government has announced a Covid death in service scheme for England, with funding provided to allow devolved administrations to introduce similar schemes. Benefits are paid in addition to the New State Pension. The scheme particulars are defined by statute and benefits are paid directly from contributions and taxes.
Can I pay more into my pension and if so, what options do I have? Can I take a tax-free cash sum from my pension? Exchanging annual pension for tax-free cash is known as commutation. How can I find out the current value of my pension? For higher rate tax payers, contributions at the rate of Part-time doctors are allocated to a tier based on their whole-time equivalent pay apart from GPs, for whom there is no concept of whole-time equivalent.
This may seem unfair at first reading. The main legislation that governs the treatment of part-time workers is the Part-time workers Prevention of Less Favourable Treatment Regulations This states that "A part-time worker has the right not to be treated by his employer less favourably than the employer treats a comparable full-time worker".
The reason for this is that Dr X is a 'comparable full-time worker' for the purposes of the regulations.
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