The conclusion of the McCloud Judgment – the Government agreeing to remove any form of age discrimination from the NHS Pension Scheme, has left NHS Pension Scheme members with a difficult decision.
Eligible members will be given the choice of whether they would like to receive their 1995/2008 Scheme benefits or 2015 Scheme benefits for the remedy period between 1st April 2015 to 31st March 2022. This decision will have tax liability implications – particularly in relation to annual allowance and lifetime allowance; so although the decision is deferred until you take your benefits, understanding the best option for you now will be key to your financial planning.
To help you learn more about how to make the right decision, we are hosting a webinar to discuss ‘What The McCloud Judgment Means For You’.
The webinar will focus on:
With the number of tax implications, it’s essential that you make the right decision.