We have noticed an increase in the number of requests from employers received on behalf of the members, to change the decision in relation to their lump sum choice when completing the retirement application form AW8.
We are therefore asking employers to:
- Check to ensure members fully understand the options available to them when completing part 10 of the form AW8. Particularly if they are in more than one section or scheme.
- Check the member has completed all relevant sections of the form AW8 in part 10.
- Check the chosen lump sum carefully to ensure it correctly reflects the member’s decision in part 10 before submitting on POL. Any requests to revise the lump sum choice where the pension is already in payment may be rejected.
Note:
Any changes to the lump sum choice should be notified as soon as possible. Members must also write/email us at nhsbsa.pensionsmember@nhsbsa.nhs.uk to confirm their revised lump sum choice and agree to pay back any pension and lump sum which may have already been authorised.