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NHS and Teachers’ Pension Calculators now available on the SPPA Website

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SPPA has published Pension calculators for use by members of the National Health Service and Teachers' pension schemes in Scotland. The calculators will provide you with an illustration of your Scheme benefits at a future retirement date. It is for illustrative purposes only and is not a guarantee of future benefits. It is not intended to provide you with financial advice. If you require financial advice, you should contact an independent financial adviser.

NHS Pension Calculator

Teachers' Pension Calculator

 

 

Pension Ombudsman & TPR

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The role and responsibilities of The Pension Ombusman (TPO) & The Pension Reglator (TPR) have changed.

The Pensions Ombudsman deals with complaints and disputes which concern the administration and/or management of occupational and personal pension schemes. 

You have the right to refer your complaint to The Pensions Ombudsman free of charge. 

Contact with The Pensions Ombudsman about a complaint needs to be made within three years of when the event(s) you are complaining about happened - or, if later, within three years of when you first knew about it (or ought to have known about it). There is discretion for those time limits to be extended. 

The Pensions Ombudsman can be contacted at:

10 South Colonnade, Canary Wharf, E14 4PU.
Telephone: 0800 917 4487.
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.pensions-ombudsman.org.uk

You can also submit a complaint form online: www.pensions-ombudsman.org.uk/our-service/make-a-complaint/

If you have general requests for information or guidance concerning your pension arrangements contact:

The Pension Advisory Service
11 Belgrave Road, London, SW1V 1RB
Telephone: 0300 123 1047
Website: www.pensionadvisoryservice.org.uk 

 

Website Project - Customer Panel Survey

The SPPA are redesigning our website and we are looking for members to join a Customer Panel which we can consult to design the new website in a customer-centric way.

These consultations will be done remotely (via surveys and telephone interviews) as well as through events in Edinburgh at the office of The Gate, the design agency appointed to build the new website. Events will begin the week commencing 30 April and there will be further opportunities throughout the summer.

If you are interested in joining the Customer Panel, please sign up by completing this short survey by close of play Monday 23 April: https://www.surveymonkey.com/r/website_customer_panel.

Additionally, if you know of other members who may be interested in joining the Customer Panel, please pass this message onto them.

If you have any questions about the above, please get in touch with Jackey Forbes ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) or Hana Chambers ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) from the Website Project Team.

 

Tax Rates 2018/19

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For 2018 to 2019 the basic Personal Allowance will be £11,850 per year.

New Scottish Income Tax rates (if your main residence is in Scotland).

 Band  Taxable Income    Tax Rate  
 Personal Allowance *    up to £11,850  0%
 Starter Rate   £11,851 to £13,850  19%
 Basic Rate  £13,851 to £24,000  20%
 Intermediate Rate  £24,001 to £43,430  21%
 Higher Rate **  £43,431 to £150,000    41%
 Top Rate **  Over £150,000  46%

* Assumes person in receipt of the Standard UK Personal Allowance

** Personal Allowance is reduced by £1 for every £2 earned over £100,000.

Further information on Scottish Income Tax and fact sheet can be found here:
Scottish Income tax 2018/19

UK Income Tax rates (if your main residence is out with Scotland). The table shows the rates you pay in each band if you have the standard Personal Allowance of £11,850.

 Band   Taxable Income  Tax Rate  
 Personal Allowance   Up to £11,850  0%
 Basic Rate   £11,851 to £34,500  20%
 Higher Rate   £34,501 to £150,000   40%
 Additional Rate   £150,001 and above  45%

Further information on income Tax rates and Personal Allowances can be found on the Gov.uk website: Income Tax rates and Personal Allowances - GOV.UK

If you have an enquiry regarding your personal tax please contact HMRC on 0300 200 3300.

Information for Employers

Tax thresholds, rates and codes

The amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable income is above their Personal Allowance.

There are different rates for Scotland.

 PAYE UK tax rates and thresholds     2018 to 2019
 Employee Personal Allowance   £228 per week
 £988 per month
 £11,850 per year 
 UK basic tax rate  20% on annual earnings above the PAYE tax threshold and up to £34,500        
 UK higher tax rate  40% on annual earnings from £34,501 to £150,000
 UK additional tax rate  45% on annual earnings above £150,000

 PAYE Scottish tax rates and thresholds     2018 to 2019
 Employee personal allowance  £228 per week
 £988 per month
 £11,850 per year
 Scottish starter tax rate  19% on annual earnings above the PAYE tax threshold and up to £2000  
 Scottish basic tax rate  20% on annual earnings from £2,001 to £12,150
 Scottish intermediate tax rate  21% on annual earnings from £12,151 to £31,580
 Scottish higher tax rate   41% on annual earnings from £31,581 to £150,000
 Scottish top tax rate  46% on annual earnings above £150,000

Emergency tax codes

1185L W1

1185L M1

1185L X

Further information can be found on the Gov.uk website: Rates and thresholds for employers: 2018 to 2019 - GOV.UK

 

Pensions Increase 2018

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Public service pensions in payment, together with those that are deferred for payment at a future date, are indexed annually based on the annual change in the Consumer Price Index (CPI) measured as at the previous September. In the 12 months to September 2017, CPI was 3%. As a result, an increase of 3% is to be applied from 09 April 2018 for pensions in payment and deferred pensions. The UK Government expects to lay the Pensions Increase (Review) Order 2018 in early March.

 

GMP Overpayments Arising from a Scheme’s Reconciliation Exercise

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In common with public service schemes across the UK a number of overpayments are expected to be identified from the reconciliation exercise where current GMP data held by schemes is incorrect. This will have resulted in schemes paying too much annual indexation to affected pensioners where all or part of the GMP indexation has also been paid by DWP.

A similar exercise undertaken in 2008/09 identified schemes were found to be holding incorrect GMP data. Scottish Ministers chose to allow the pension in payment to remain unadjusted going forward for affected pensioners in the LGPS, Police and Firefighter schemes. This was achieved by introducing legislation that provided for a new scheme award known as an increased Pension Entitlement (IPE) which reflected the GMP related overpayment.  It was not possible to introduce an IPE for either the Teachers' or the NHS scheme as this would have required HM Treasury consent which was not given.

Scottish Ministers have decided that a similar approach should be taken for GMP related overpayments that arise from the current reconciliation exercise. Again this means that affected pensions in the LGPS, Police and Firefighter schemes will see their existing level of pension maintained by the award of an IPE and regulations to provide for this award will be consulted on during 2018. However as in 2008/9 it will not be possible to apply an IPE to affected Teachers' and NHS pensioners as to provide a similar approach requires HM Treasury consent for the necessary legislative changes.

A decision on how any accrued overpayments will be handled will be decided by the scheme's Accountable Officer as soon as the total number and amount of overpayments are known. There may also be a small number of cases where the incorrect GMP data has led to an underpayment of pension.  In these cases the affected pension will be corrected going forward with any arrears being paid to the pensioner.

SPPA will not be able to identify which pensioners are affected until the reconciliation exercise concludes in late 2018 so cannot communicate directly with affected members at this time. This will be done at the conclusion of the reconciliation along with a decision on how accrued GMP related overpayments will be managed. In the meantime the following Q&A aims to address some of the questions that may arise.

Q&A: GMP overpayments arising from a scheme's reconciliation exercise

 

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