Need help understanding your statement

Personal Information and Summary

Where has my personal details and summary information come from?

These are the details your employer held for you at the end of the previous financial year. It includes a summary of the total value of the pay and benefits for that year.

If pension details only are showing this has been taken from information held by NHS Pensions.

What is the summary information?

This shows the payments you have received and any pension contributions made by your employer for the previous financial year.

Employer Information

What is the employer information that I can see on my statement?

This sets out the benefits offered by your employer(s). You may have chosen to access some of these already. To access additional benefits use the contact details provided in the local benefits section.

This information has been added directly by your employer(s) and may change throughout the year.

Employment Information

What employment information can I see?

You can see a subset of your employment information for all of your NHS employments that were active at the end of the previous financial year. ‘Bank’ posts are not currently displayed on the statement.

What is the Annual Progression Information?

This section of the statement provides details of your next pay increment and salary review date.

What is the Payment Breakdown Information?

This summarises the payments you have received and any pension contributions made by your employer for the previous financial year.  “Other Allowances” refer to the total of all payments that individually were less than £100 for the year.
The names used to describe the individual payment types are the same as those on your payslip. If you do not understand the meaning of a payment name, please refer to the NHS TRS Information website or contact your employer.

I have a question about the content of my employment statement- what can I do?

Please contact your employer(s).

Remember that the information provided was what was held by your employer(s) and NHSBSA Pensions as at the end of the previous financial year.

NHS Pension Information

How have my NHS Pension Benefits been calculated?

For more information about how your NHS pension, lump sum and survivor benefits have been calculated please refer to “important information about your statement” which is displayed at the bottom of your NHS Pension Statement or see the NHS TRS Information website.

What are my Standard Benefits?

The standard benefits displayed on your statement will include a current value of your annual pension, lump sum (if applicable) and survivor pension for each part of the scheme you are a member of. Members with deferred benefits will have their benefits revalued in line with the Consumer Price Index (CPI).

Projections are no longer provided due to changes that are currently being made in public service pensions, including the NHS Pension Scheme. Please visit the NHS Pension Scheme website for further information.

For further information please visit the NHS TRS Information website.

These estimates are intended to give an indication of the current value of your standard benefits. You are not able to claim these until your normal pension age. If eligible you may be able to take these earlier but they would be reduced. They are only payable once the appropriate application has been made and accepted. Members can find further information about when these benefits may become payable by viewing the NHS Pension Scheme Member Guides.

Please note, a hypothetical annuity cost is not a standard benefit but has been included on your statement to demonstrate the likely cost of buying similar benefits on the “open market” as at the effective date of the statement. The figures are based on market conditions at this date and costs could vary significantly at different dates. Please note this amount is for general comparison purposes only and it is not possible to take this value from the pension scheme. It does not represent the value of your actual scheme benefits and must not be used as a Cash Equivalent Transfer Value (CETV) or used for divorce settlement purposes. For further information please visit the NHS TRS Information website.

What is a maximum Lump Sum?

At retirement NHS Pension Scheme members (except those who left before 1 April 2008) may be able to exchange some of their annual pension to provide a lump sum / larger lump sum as allowable under HMRC rules.

For more information please see the NHS TRS Information website.

What are my Death Benefits?

The Scheme provides a lump sum on death and pension benefits to your dependants in the event of your death. The benefits payable will depend on your circumstances at the time of your death.

A lump sum on death is normally a tax-free sum of money that (1) is payable following your death whilst still an active Scheme member or (2) may be payable following death in retirement if you have been in receipt of your pension for less than five years.

A lump sum on death is paid to the organisation, or one or more persons you have specifically nominated to receive it. If you have not made such a nomination the lump sum on death will be paid to your spouse or civil partner if you have one, unless you have specifically excluded your spouse via an election. Otherwise, it will be paid to your legal personal representative.

The lump sum on death quoted in this illustration is based on your current circumstances. The benefits payable will depend on the circumstances at the time of your death and change significantly depending on whether you are a contributing member or a former member of the NHS Pension Scheme. Any lump sum on death that may be payable following death in retirement will be less. For more information about benefits payable on death please refer to the NHS Pension Scheme website.

An adult dependant pension may also be paid to your surviving partner. This pension is payable for the life of your surviving partner. The rate of adult dependant pension depends on your circumstances at the time of your death.

A children’s pension may also be paid to each of your dependent children up to their 23rd birthdays.

More detailed information about these benefits and how they are calculated can be found in the NHS Pension Scheme Member Guides on the NHS Pension Scheme website

How can I make/change a Nomination?

You should ensure that your nomination is fully up to date. If you are married or, in a civil partnership and want your lump sum on death benefits to be paid only to your spouse or civil partner then you do not need to make a nomination.

If you have a non-legal partner and want to ensure that they receive your lump sum on death benefit you should complete a death benefit nomination form. If your partner is not eligible for payment of an adult dependant pension, they will not be entitled to the lump sum on death benefit, unless you have made a death benefit nomination in their favour.

You can make a nomination or change your nomination at any time. To do so please complete the forms available on the NHS Pension Scheme website 

What is the Normal Pension Age?

It is age 60 in the 1995 Section and 65 in the 2008 Section. However members with Special Class Status in the 1995 Section may have the right to retire from a normal pension age of 55. In the 2015 Scheme, your Normal Pension Age is the same as your State Pension Age (SPA) or age 65, if that is later. Please note if you have membership in more than one part of the scheme you may have more than one normal pension age. For more information please refer to the NHS TRS Information website.

I have a question about the content of my NHS Pension statement - what can I do?

For more information about how your pension, lump sum and survivor benefits have been calculated please refer to the NHS TRS Information website.

If this does not answer your question please submit a query.

Remember that the information provided was what was held by your employer(s) and NHS Pensions as at the end of the previous financial year.

 

 

Need help understanding your statement