Jack Needham (NHS Pension Specialist)
@Jack__Needham
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Technical Director at Medifintech providing NHS pension support & Analysis for IFAs, Accountants & Direct to members (link below) https://t.co/9mpZGfs4je
North West, England
Joined July 2022
This is why we always ask for Payslips. We Check everything, Arrears payment for a consultant who has been on the wrong increment ladder for 20+Years. Very hard to spot but after challenging the trust, a huge arrears payment. £85k Owed and now paid! result!
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@nerida24694398 It’s very frustrating. The whole system is overloaded, so I kinda understand the delays. But this point has been pending for 10 years…. The good news is you have 3m from when you receive statement so the time pressure is eased a little.
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RT @gdcuk: 🚨 NHSBSA are calling members saying they’ll receive a new 23/24 PSS and they have a tax charge ❌ NHSBSA can't tell you if there…
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RT @betterageing: Some kind of an unnerving AA and Pension tax deadline today which I still don’t understand anything about! Phew!! I coul…
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We've also asked them to stop and consider their wording on this, as it is causing significant distress.
🚨 NHSBSA are calling members saying they’ll receive a new 23/24 PSS and they have a tax charge ❌ NHSBSA can't tell you if there’s a charge! We know cases where no charge applies We’ve asked NHSBSA to review their approach & share their call script as it is causing distress
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Last chance for tonight ls webinar. 7:30 Start. Will be short and sweet and easy to follow. Everything mccloud related, deadlines, compensation, current issues etc
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RT @AgamJung: @Jack__Needham thank you for the ultra speedy response to all the endless queries ! You are a star ⭐️🌟
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RT @KayePriceWealth: An amazing quick calculator for 23/24 AA growth Use it and be sure to get your numbers in before 31/1/25 Thanks @gd…
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RT @gdcuk: One of the most absurd asks ever—expecting members to calculate their own pension growth🤯 🚀We’ve built a free, super-simple too…
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This just shows how little understanding NHSBSA have regarding annual allowance. AA limits have increased to £60k but it does not mean safe. Also, Annual allowance only increased to £60k for 23/24 tax year - NOT 22/23.
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RT @Nervana_1: First, successive 🇬🇧governments made the NHS pension scheme too complex and impossible to understand. Now they expect medic…
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We’ve developed a free tool, thanks to @gdcuk NHSBSA failed members in providing a statement. HMRC still expect submission. Penalties have been relaxed but you must make a conscious effort to estimate AA tax liability. This is why, we’ve launched this very easy to use tool
One of the most absurd asks ever—expecting members to calculate their own pension growth🤯 🚀We’ve built a free, super-simple tool to help 1995/2015 members (inc. GPs) ✅Takes 5 minutes ✅Only 4 pieces of info needed 👉 🙏share via Facebook, WhatsApp
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We like to simplify things, this will help explaining what you need to do and watch out for.
Lots of emails coming in about Annual Allowance - members are stressed about deadlines & what to do With all the errors from NHSBSA/HMRC, it’s no wonder there’s so much confusion We’re running a webinar this Thurs (30th) at 19:30 to help clear things up:
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RT @gdcuk: 📢New Medifintech webinar with essential McCloud updates: 📅 Thurs 30th Jan, 19:30 ✅ RPSS insights & errors ✅ Key deadlines & wha…
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@RobbieKerry @AliHusain82 @nimal_patel That's right. 2015 scheme grows with compounding rates based on CPI + 1.5% so it does get more expensive with time. There can be savings with NHS leasing, you don't need to put a deposit down and insurance included but always worth checking the pension loss first.
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@nimal_patel You will be in the 2008 scheme as well with a small pension. The Damage to 2015 scheme is not huge but it also gets more expensive with time as the 2015 scheme grows with compounding rates linked to CPI + 1.5%. always worth checking the loss of pension, before leasing.
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@AliHusain82 @nimal_patel Correct. Ideally, you need 12m of no salary sacrifice to boost final salary pay. There are some nuances where this might not be the case, but need to be careful with regulations etc.
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