Changes announced on NHS Pensions website:
Voluntary scheme pays for tax years 2015/2016 and 2016/2017
This is available if you are a member of both NHS schemes, the pension input amount in one or both schemes is under the standard annual allowance and the total pension input amount across both schemes is more than the standard annual allowance.
Voluntary scheme pays for tax year 2017/2018 onwards
This is available if either:
- the pension input amount in either the 1995/2008 or 2015 NHS Pension Scheme is under the standard annual allowance but over the tapered or alternative annual allowance
- you’re a member of both schemes and the total pension input amount, from both scheme when added together, is more than the tapered, alternative or standard annual allowance
From tax year 2017/2018 it’s no longer a condition of scheme pays that you have an annual allowance charge of more than £2,000, across all your pension schemes.
If you want to ask for scheme pays, you’ll need to complete a Scheme Pays Election Notice (SPE2) and return within HMRC’s deadline of 31 July, in the year following the tax year of the annual allowance charge.
If you’re a member of both the 1995/2008 and 2015 NHS Pension Scheme and want both scheme to pay your annual allowance charge these will be separate elections on the SPE2 and you need to tell us how much of the annual allowance charge you want each scheme to pay.
Because we treat them as separate elections, you need to complete parts B and C on the SPE2 before the deadline date. It’s not possible to elect for one scheme to pay all your charge.
If you have not received a pension savings statement you can estimate your liability to an annual allowance charge in order to meet HMRC’s deadline. You should not delay your election to wait for a statement.
Do not complete this version of the SPE2 if you’re asking for voluntary scheme pays for tax year 2017/2018 onwards. A new version of the SPE2 will be available soon.