The 2019/20 Pension Annual Allowance Charge Policy (Wales) : factsheet for secondary care clinicians, dentists or clinical academics
You could beneft from the Policy if you use scheme pays to pay this charge.
If you’re a secondary care clinician, dentist or clinical academic and you’re a member of the NHS Pension Scheme and have an annual allowance charge for 2019/20, you could beneft from the Policy if you use scheme pays to pay this charge.
Scheme pays uses your pension savings to pay your annual allowance charge, and your pension is reduced when you retire to offset the taxes paid on your behalf. The Policy will compensate you in retirement for any reduction to your pension from 2019/20 annual allowance charges paid in this way.
The Policy benefts are guaranteed by Welsh Ministers and compensation payments will be made to eligible clinicians who use scheme pays for 2019/20 when they retire.
