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Members prior to 1 April 2015 retain rights to remain in the 1995 or 2008 section of the existing scheme for an age-dependent limited time, after which they must transition to the 2015 scheme unless they reach the normal retirement age of their old scheme first. [2] The NHS Pension Scheme has 1.7 million members actively contributing, 713,000 ...
An Act to consolidate certain enactments relating to pension schemes with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission. Citation: 1993 c. 48: Introduced by: Lord Mackay of Clashfern, Lord Chancellor [1] (Lords) Territorial extent England and Wales; Scotland; Northern Ireland: Dates; Royal assent
In the second half of the 20th century, there was a succession of legislative changes to protect pension scheme members, prevent abuse of the generous tax-reliefs available and prevent fraudulent activity. Some of these changes were precipitated by Robert Maxwell's plundering of the Mirror Pension Funds. [6]
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Chancellor Jeremy Hunt made major changes to how pension savings work when he set out his Spring Budget to MPs in parliament.. Mr Hunt increased the pensions annual tax-free allowance by 50 per ...
The 2022–present National Health Service (NHS) strikes are several ongoing industrial disputes in the publicly funded health services of the United Kingdom.. The disputes relate to the several staff groups on the Agenda for Change pay scale, as well as those on the junior doctor and consultant contracts; and are further divided by the devolved national NHS staff work in.
Agenda for Change (AfC) is the current National Health Service (NHS) grading and pay system for NHS staff, with the exception of doctors, dentists, apprentices and some senior managers. It covers more than 1 million people and harmonises their pay scales and career progression arrangements across traditionally separate pay groups, in the most ...
An Act to make provision about public service pension schemes, including retrospective provision to rectify unlawful discrimination in the way in which existing schemes were restricted under the Public Service Pensions Act 2013 [d] and corresponding Northern Ireland legislation; to make provision for the establishment of new public pension ...