HMRC has launched a new online service for pension scheme members who wish to apply for protection from the lifetime allowance tax charge. As outlined in HMRC’s pension schemes newsletter 80, the online service replaces the previous HMRC processes available
The Department of Health, Social Services and Public Safety is undertaking a consultation on three sets of draft regulations which will give effect to and underpin a new HSC Pension Scheme from 1 April 2015. This follows on from the
If you have a query regarding pension contributions deducted from your latest pay or any issues with your payslip, please contact the Payroll Shared Services Centre on 02895 362190.
This is a reminder that the standard LTA is to reduce from £1.5m to £1.25m from 6 April 2014. This means a standard LTA of £1.25m will apply to members who become entitled to receive (crystallise) their HSC benefits when
In the HSC Pension Scheme, the annual allowance is commonly worked out by the growth in your benefit in a year. The annual allowance limit covers all your pensions, except your State pension, so your other pension savings also need
Companies are singling out pension savers and claiming that they can help them access their pension fund before the minimum pension age of 55 and without tax consequences. In rare cases, such as terminal illness, some members may be able
Following the review of the HSC Injury Benefit Scheme, a new Injury Allowance scheme will be introduced on 31 May 2013. Significant amendments have been made to the HSC Injury Benefit Scheme regulations and more information is available by clicking