#NHSpensions UPDATE
Further to my note on Tuesday [https://www.dhirubhai.net/feed/update/urn:li:activity:7099662193385713664/ ], HMRC's Pension Schemes Service released a new edition of its Newsletter on the public service pensions remedy (August 2023).
You might remember: this will impact 1.1 million NHS pension scheme members, not to mention the millions of other public sector members - impacting Police, Fire brigade, Local Government and Civil Service.
This update follows detailed draft regulations intended to modify the original legislation.The draft amending legislation has now been finalised as 'The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) (No.2) Regulations 2023 (SI 2023/912)'.
These regulations will be operative from 14 September 2023.
The latest HMRC newsletter sets out changes following feedback on the draft and can be found here:
This is complex and detailed - and will impact many millions of public sector members past and present.
If you'd like to keep up to speed and keep informed, we are issuing a series of summary articles, culminating in a PDF summary of the main changes to the NHS pension schemes.
How do you get it?
Sign up for our newsletter: https://expertpensionsconsulting.co.uk/
Every Tuesday, every week: summary of the NHS pension reforms and examples of how they apply to members.
#nhspensions