Technical Director at Medifintech providing NHS pension support & Analysis for IFAs, Accountants & Direct to members (link below) https://xitter.cf/t.co/9mpZGfs4je
North West, England
Joined July 2022
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Last chance for tonight's Webinar. Is is only aimed at those who opted out during 2015 -2022. lots of good opportunity to explore reinstating this service and the pension scheme should cover 3rd party support fees via the cost claim back scheme.
Worth joining if you opted out during the remedy period. Important deadlines are approaching, and a Contingent Decision could provide an opportunity to retrospectively improve your NHS pension. Don't miss the chance to explore your options.
📢 NHS Pension Webinar: Contingent Decisions for Members Who Have Opted Out during the remedy period.
Tuesday 7th July 7:30pm
Join to understand the contingent decision process, key considerations, and all questions covered.
👉 Register here: events.teams.microsoft.com/e…
Jack Needham (NHS Pension Specialist) retweeted
📢 NHS Pension Webinar: Contingent Decisions for Members Who Have Opted Out during the remedy period.
Tuesday 7th July 7:30pm
Join to understand the contingent decision process, key considerations, and all questions covered.
👉 Register here: events.teams.microsoft.com/e…
📢 NHS Pension Webinar: Contingent Decisions for Members Who Have Opted Out during the remedy period.
Tuesday 7th July 7:30pm
Join to understand the contingent decision process, key considerations, and all questions covered.
👉 Register here: events.teams.microsoft.com/e…
Good news for members: it’s now possible to reinstate opted-out service for the remedy period.
GPs - don’t be put off by PCSE. They’re not required for this process. It’s handled directly between the member and NHSBSA. It can take time, but the process itself is pretty slick.
Jack Needham (NHS Pension Specialist) retweeted
Thanks for raising this. I was also surprised by Tony’s thread and disappointed by how our involvement was misrepresented, especially as we exchanged DMs yesterday, which I answered in good faith.
I explained that we simply provided a calculation tool (which matched Tony’s own results penny for penny), I pointed out The Times’ error on not using the actuarially reduced figure, and confirmed that the assumptions and scenario came entirely from The Times (we also provided The Times a quote to counter their narrative). I even encouraged Tony to challenge the numbers, as they don’t “reflect the reality on the ground,” and said I agreed that healthcare workers are significantly undervalued.
I was disappointed to see that turned into a personal attack. I don’t understand the motivation and hope it’s just a misunderstanding. I’ve privately asked him to provide a correction.
Those who know me and know Medifintech know that we stand up for healthcare workers and have been instrumental in righting many wrongs with the NHS Pension, and we’ll continue to do so.
Jack Needham (NHS Pension Specialist) retweeted
Contingent Decisions (reinstating opted-out membership) is now open at NHSBSA.
Be careful with quotes provided by NHSBSA; they can be misleading and often incorrect.
They also do not consider the annual allowance effect or early retirement factors.
Contingent Decisions (reinstating opted-out membership) is now open at NHSBSA.
Be careful with quotes provided by NHSBSA; they can be misleading and often incorrect.
They also do not consider the annual allowance effect or early retirement factors.
However, this bit is incorrect:
the full purchase is 7y 285days which would give additional £17k pension.
really it should be £6k pension. so the quotes can be very misleading - i suspect poor understanding on NHSBSA behalf
Jack Needham (NHS Pension Specialist) retweeted
🚀 We’re hiring! Join us as an NHS Pension Consultant, bring your expertise, make an impact, and grow with a supportive team. 💼
🔍 More info & apply here: quilter.wd3.myworkdayjobs.co…
Jack Needham (NHS Pension Specialist) retweeted
Thanks to @gdcuk and @Jack__Needham from Medifintech for their help with my RPSS and the McCloud remedy.
A fantastic service that I would highly recommend to colleagues looking for help with their NHS pension.
Jack Needham (NHS Pension Specialist) retweeted
💬 When I spoke to HMRC/HMT policy team we spoke about extending Scheme Pays deadlines for those with delayed RPSSs and they were optimistic
✅ Great to see it confirmed - now 6 July 2027
📌 Important for anyone wanting to use Scheme Pays for a new charge for 2019/20–2022/23
Especially if you have no statement. If NHSBSA can’t meet their obligation, they cannot deny you a scheme pays election on a voluntary basis.
🚨 Don’t panic about the 6 July Mandatory Scheme Pays deadline🗓️
It doesn’t mean you can’t use Scheme Pays.
✅ Voluntary Scheme Pays is still available after this date.
I raised this before, and again with HMRC’s policy team yesterday, suggested aligning the deadline with pensioner members (6 July 2027). 🤝 They seemed receptive, and we expect a response soon.
#NHSpensions #McCloudRemedy #SchemePays
Jack Needham (NHS Pension Specialist) retweeted
Good to talk with inews about opt-outs.
"It’s entirely understandable that NHS workers are calling for fairer pay. If salaries aren’t keeping pace with the cost of living to the point where some feel they can’t afford to stay in the pension scheme, something clearly isn’t right."
inews.co.uk/inews-lifestyle/…
Jack Needham (NHS Pension Specialist) retweeted
@gdcuk @Jack__Needham Hi both just a quick note of thanks for reviewing my RPSS and helping me to date Hopefully I will receive a revised one in due course 🤞. Great service and support again, I cannot recommend you enough! Sue
Jack Needham (NHS Pension Specialist) retweeted
🚨 A new FOI request by Medifintech has revealed that the 2019/20 Annual Allowance Compensation Scheme is failing NHS members and falling far short of its promise to address financial losses.
❌ Nearly £31 million is set to be lost due to incomplete processes and confusing guidance.
Good article by @CallumCMason highlighting the issue
inews.co.uk/inews-lifestyle/…
All Clinicians with AA Tax charges in 19/20 should read this...
🚨 A new FOI request by Medifintech has revealed that the 2019/20 Annual Allowance Compensation Scheme is failing NHS members and falling far short of its promise to address financial losses.
❌ Nearly £31 million is set to be lost due to incomplete processes and confusing guidance.
Good article by @CallumCMason highlighting the issue
inews.co.uk/inews-lifestyle/…
