Item Welcome to the NHS Business Services Authority Knowledge Base, the place to ask us anything you need to know

Document Does my Total Reward/Annual Benefit Statement include the benefits I transferred in from a previous pension scheme?

Yes.
 
Any incoming transfers to the 1995/2008 Scheme will have secured an additional membership credit for you and this is included in the total membership used to calculate your benefits.
 
Any incoming transfers to the 2015 Scheme will have secured a pensionable earnings credit that counts in the financial year in which the transfer was made. The transferred in earnings credit counts in the same way as NHS pensionable income and is included in the benefits shown on your statement.
 
Where benefits have been transferred from an Inner Club Career Average Revalued Earnings (CARE) scheme, the earnings credit is recorded separately to pensionable NHS income. This is because the revaluation rate in the transferring scheme will continue to apply to the corresponding earnings credit in the NHS and may be different to the revaluation rate in the NHS Pension Scheme.  
 
In these circumstances the benefits relating to the transfer are shown separately on your statement.
Fields
Description:

                            
                          
                          
                          
                        
                      

Need more help?

If this doesn't answer your question please contact us directly or search again. Search Again

Rate this answer