It's important that you tell us about a change of address or personal details so we can keep our records up to date. Pay As You Earn, beta How to claim and supporting information. Well send you a newsletter every year with your P60. Rising inflation - NHS pensions - Royal London for advisers I pay additional voluntary contributions what happens to the payments once I move into the 2015 Scheme on 1 April 2022? However, the lump sum would still be due an increase in respect of the period between the pensions increase day in April 2019 and the retirement date in September 2018. Assisting members, former members and their dependants. Where a deferred member receives the full increase in the first year following retirement that part of the increase which is for the period from the last pensions increase date up to the retirement date will be tested against the lifetime allowance. If you have any lifetime allowance protection agreed with HM Revenue & Customs (HMRC), this may be affected when you move into the 2015 Scheme. HM Revenue & Customs, It will take only 2 minutes to fill in. This guidance covers how much inflation might increase your pension, how its applied and by who and information on guaranteed minimum pension and second bit pensions. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> stream Guidance will be provided to employers to help them determine the appropriate rate for bank staff in their first year doing bank work, based on an estimate of the likely earnings over the course of the pension scheme year. The new member contribution structure is shown in the table below. the countries of your choice. You can still pay additional contributions until the end of the contract, the day before a 12-month break begins, or the day you retire whichever date is earliest.