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

Document How do I elect for the Scheme Pays facility for Annual Allowance?

If you ask NHS Pension to pay your annual allowance charge to HMRC you need to complete the Scheme Pays Election Notice (SPE2) available on our website - please ensure you use the current version of the election notice.

 

We must receive your election by the 31 July, following the January in which the annual allowance charge must be declared on your self-assessment tax return.

 

The 31 July deadline is the same for both mandatory scheme pays and voluntary scheme pays.

 

Tax Year

Deadline

2017/18

31 July 2019

2018/19

31 July 2020

2019/20

31 July 2021

2020/21

31 July 2022

 

You should complete and send us your election earlier if one of the following events takes place before the deadline, either you:

  • retire - the election should be completed and sent to us before your NHS benefits become payable; or

  • reach age 75 - the election should be completed and received by us before your 75th birthday.

Once your election has been accepted you are can’t change your mind and pay the charge yourself but you have up to four years to change it.

 

More details about this are in the Scheme Pays Election Notice Guidance on our website.
Fields
Description:
elect scheme pays, scheme pays facility, aa scheme pays
See also...

Need more help?

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

Rate this answer