You must provide pay (and membership) information for members by 6 July following the end of the tax year to enable pensions savings statements to be provided to members.
A pensions savings statement is important as it tells members whether they have exceeded the annual allowance limit in the NHS Pension Scheme.
We expect to see an increase in the number of requests for pensions savings statements in July. You are required to provide pay and membership information for 2023/24 by 6 July 2024 so we’re able to provide these statements.
Members could be subject to fines and late payment penalties from HMRC if they do not receive their statement(s).
HMRC may also impose fines and charges on you of £300 per member and a further £60 per day per member, until the member’s record is updated.
Special arrangements were made for PCSE/NHS England in relation to the provision of information for GPs once their end of year certificates have been received and the provision of pension information to NHS Pensions after HMRC’s deadline.