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

Document What is the pension input period?

The pension input period is the period of time used to measure pension growth against the Annual Allowance.
 
Before 1 April 2015 the pension input period in the NHS Pension Scheme was the same as the Scheme year, from 1 April to 31 March.

From 6 April 2016 the pension input period is aligned to the tax year, 6 April to 5 April.
 
Transitional Annual Allowance rules apply for tax year 2015/2016. For Annual Allowance purposes only, the 2015/2016 tax year is split into two ‘mini’ tax years - the ‘pre-alignment tax year’ and the ‘post-alignment tax year’. Each mini tax year has its own amounts of Annual Allowance.
 
The 1995/2008 NHS Pension Scheme, the 2015 NHS Pension Scheme and the NHS Money Purchase AVC Scheme have a combined pension input period for the tax year 2015/2016, running from 1 April 2015 to 5 April 2016. This is then split into a pre-alignment tax year from 1 April 2015 to 8 July 2015 and a post-alignment tax year from 9 July 2015 to 5 April 2016.

Fields
Description:
pip, pension input period
See also...

Need more help?

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

Rate this answer