Change to Lifetime Allowance (LTA)

pension tin

Change to LTA – Submission to HMRC on potential protection arrangements You will be aware that the Chancellor announced that Lifetime Allowance (LTA) on the value of pension savings would be reduced from the current £1.25m to £1.0m w.e.f. 6th April 2016.  He also announced that legislation would be passed in 2018 to uplift this […]

Change to Lifetime Allowance

Winsor and money 014

Change to Lifetime Allowance Police Mutual has kindly produced a factsheet to explain the implications of the change to LTA announced by the Chancellor in his most recent budget.  You can access the factsheet below.  Further information around protection arrangements will be circulated once they are known.  Some worked examples are currently being developed for […]

Pension Reform

Pensions file

This article should be read by all those members who will not benefit from ‘full protection’ and will, at some time transfer across to the new Career Average Revalued Earnings (CARE) pension scheme, otherwise known as the 2015 scheme.  The other pension schemes are the Police Pension Scheme (PPS or 1987 Scheme) and the New Police […]

Police Pension Scheme 2015 – Members’ Guide

Pension had

Police Pension Scheme 2015 Please find below a link to the HO’s Police Pension Scheme 2015 Members’ Guide and also a copy of the PFEW FAQs on the new scheme: Police Pension Scheme 2015 – FAQs V.2 – 27 March 2015 FINAL (2)                

The 2015 Pension Scheme

Pensions file

Important information for members who will transfer to the 2015 pension scheme (Home Office Circular 17/2014   If you:   are due to move into the 2015 scheme and have service in another pension scheme you may be able to transfer that service into the police scheme. a member of the 2006 scheme and would […]

Pension Reform – Freedom and Choice in Pensions

Pension had

You may be aware that, in his most recent budget, the Chancellor announced changes to way that pensions can be taken to allow individuals greater freedom of choice. Following his announcement, the Treasury launched a consultation exercise on several proposals to alter existing provisions in relation to pensions.  One of these was to raise the […]

PNB Circular – Temporary promotion to ACC/Commander

pension tin

A new PNB Circular has been published (see document below) which enables Superintendents/Chief Superintendents who are required to perform Temporary ACC/Commander duties to elect whether to take a pensionable temporary salary or a non-pensionable, but taxable, honorarium as an alternative. Since the changes to Annual Allowance, which resulted in the threshold being reduced from £250,000 […]

Changes to Lifetime Allowance

Winsor and money 014

Changes to Lifetime Allowance – are you confused about ‘protection’? The Association understands that some forces are circulating information to members about the change to Lifetime Allowance (LTA) which will come into effect from 5th April 2014, and which will result in the allowance being reduced from £1.5m to £1.25m. It would seem that in […]

Budget Summary 2014 – Main Provisions


Budget Summary 2014   Two of the firms of financial advisors who support the Association have kindly provided us with a summary of the main provisions of last week’s budget.  A document provided by Phil Pearson (St James’s Place) can be accessed via this link and a document provided by Rob Blount (Police Mutual) is […]

Single Tier State Pension

Pension had

An article prepared by Clint Elliott, Chief Executive, National Association of Retired Police Officers The Government intend to introduce a new single tier state pension from 2016. The new legislation is going through Parliament almost without a single dissenting voice from any party in the house. It has been sold as a simpler system which will deliver […]

How the Annual Allowance is Calculated


Annual Allowance – Explanatory Circular A circular has been produced by PNB Staff Side which shows how Annual Allowance is calculated.  It includes several worked examples which you might find useful. A link to the document, which has been published as a JBB Circular, can be found below. 170214 – JBB Circular 004 – Pensions’ […]

Increase in Pension Contribution Rates

pension tin

Increase in Pension Contribution Rates Following a period of consultation, the Policing Minister has decided to implement the third year of the planned increase in member contribution rates.  Staff Side’s response to the consultation was circulated recently via e bulletin. This increase, which will take effect from April 2014, will result in the contribution rates […]

Proposal to Increase Police Pension Contribution Rates

money 004

Proposal to Increase Police Pension Contribution Rates – Staff Side Response The Policing Minister has recently consulted upon a proposal to increase member contribution rates w.e.f. April 2014. This will be the third annual increase in contribution rates following the Chancellor of the Exchequer’s announcement at the start of this current CSR period. The increase […]

Police Pensions Reform – FAQs


HOME OFFICE CIRCULAR 14/2013 ON LONG TERM REFORM OF POLICE PENSIONS – FREQUENTLY ASKED QUESTIONS The Home Secretary announced the Government’s position on the long term reform of police pensions on 4th September 2012. We have previously published the following FAQs: about the Home Secretary’s announcement and pension reform on 14th September 2012; and about mis-selling […]

Police Pensions Reform – Home Office Circular 14/2013

pension tin

In September 2012, the Home Secretary announced her decision on a framework for a new police pension scheme from April 2015. Since then the Home Office have been working on the detailed design of the new scheme in consultation with the Police Negotiating Board, where the interests of police officers are represented by police staff […]

Seminar on Pension Reforms – 1 May 2013

pension tin

On 1st May, the Association hosted a pension seminar at The Chesford Grange Hotel, Warwickshire, for those members who will not be covered by ‘full protection’ when the reforms to the police pension schemes come into effect in April 2015. Approximately 170 of our current membership come with this group and around 100 of them […]

Increase in Pension Contributions Announced

money 004

Following a consultation process, the Policing Minister has announced that police pension contributions will be increased with effect from April 2013. This announcement is not entirely unexpected. For our members, this will mean a further increase of 1.5% taking our total contributions to 14%. This represents an increase of 3% in contributions over a two […]

Consultation on Increase in Pension Contributions


In 2011, the Home Secretary consulted on an increase in police officer pension contributions over a three year period.  In April 2012, the first of these increases was introduced which resulted in police officer contributions for members of the PPS (‘1987’ Scheme) rising from 11% to 12.5% for those officers who are classed as ‘Tier […]

Changes to Annual and Lifetime Allowances

pension tax

In his most recent Autumn Statement, the Chancellor announced further changes to Annual and Lifetime Allowances in relation to pensions.  These changes will come into effect from April 2014.  The Annual Allowance will be reduced from £50,000 to £40,000 per year and the Lifetime Allowance will be reduced from £1.5m to £1.25m. As a general […]

, ,

MPs Debate Police Pensions

Keith Vaz

The Chairman of the Home Affairs Committee Keith Vaz chaired a Westminster debate about police pensions on Wednesday 28th November 2012. Derek Barnett President of the PSAEW welcomed the debate saying: “I am pleased that Mr Vaz is highlighting what is a particularly pressing concern for police officers at a time when significant number of […]


Previous Posts