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Nhs Pensions Change of Address Form

Nhs Pensions Change of Address Form

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foreign [Music] welcome to this mha Healthcare update where we'll be looking at the changes that are coming to the contribution rates paid by members of the NHS pension scheme so why are the changes being made the first reason for the change is that all members of the NHS pension scheme have now transitioned to the 2015 scheme and this has changed the costs of operating the scheme the second reason for the change is that at present there are some unfortunate Cliff edges where people can receive substantial pay increases but end up with lower net pay so what are the results of these changes well firstly there will be fewer tiers and then there will be a narrowing of the gap between the lowest rate and the highest rate the lowest rate will now be 5.2 percent and the highest rate will be 12.5 percent as opposed to the 14.5 previously another change will be that contributions will be based upon actual pensionable pay rather than hold time equivalent pay another change will be that the thre

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