These pages provide detail about the 2019/20 Pensions Annual Allowance Charge Compensation Scheme (PAACCS). Since these pages were last updated on 7 July 2022 the public service pensions remedy – ‘McCloud’ – has been announced.

The original policy documents and frequently asked questions are still available, and further information is set out below in relation to the subsequent impact of the McCloud remedy.

McCloud remedy

Members of the PAACCS may be impacted by the McCloud remedy.

There is more about the McCloud remedy, including who is affected, here: The public service pensions remedy – McCloud | NHSBSA

For those members affected by the McCloud remedy, their pension input amount for the 2019/20 tax year may change and they will receive a Remediable Pension Savings Statement (RPSS) from the NHS Business Services Authority (NHSBSA) setting out changes.

There is more about why the pension input amount may change here: Understanding the effect of rollback on annual allowance | NHSBSA.

Any member with a RPSS will need to use HMRC’s digital service to understand whether there has been any tax position change: Calculate your public service pension adjustment – GOV.UK

Any member who needs professional support to complete the HMRC digital service, can apply to the NHS Pensions Cost Claim Back Scheme to have some or all of costs reimbursed.

For members who have an updated tax position, any changes made to an existing Scheme Pays election for the 2019/20 tax year will automatically be reflected in any benefits payable under the PAACCS.

Contact

If you have further questions about the PAACCS that are not answered by the policy or FAQs, please contact the NHSBSA PAACCS mailbox.