NHS Wales has confirmed that they are offering the same temporary annual allowance charge solution for 2019/20 as NHS England. This means that NHS Wales will effectively be paying the 2019/20 annual allowance charge for high earning clinicians.
This involves the member making a Scheme Pays election in relation to the annual allowance charge for 2019/20 in the normal way (deadline 31 July 2021). When they take their benefits, the Scheme Pays deduction will be taken from their benefits, again in the normal way. The NHS employer will make a contractually binding commitment to pay them a corresponding amount on retirement, ensuring that they are fully compensated in retirement for the effect of the 2019/20 Scheme Pays deduction on their income from the NHS Pension Scheme. More details and FAQs relating to NHS Wales are available here.
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