In 2015, many NHS staff were moved into a new Career Average (CARE) pension scheme, while older members were allowed to remain in the 1995/2008 schemes. This created an age-based inequality, which was ruled discriminatory.

The McCloud Remedy is the government’s response, ensuring all members are treated fairly.

Who is Impacted?

You’re likely impacted if you:

• Were in the NHS Pension on or before 31^st March 2012
• Had service between 1^st April 2015 and 31^st March 2022 (the ‘remedy period’)
• Did not opt out of transitional protections.

Over one million members were affected, with more than 280,000 already retired.

What Happens Now?

The remedy allows you to choose, at retirement, whether your benefits for 2015 to 2022 are calculated under your legacy scheme or the 2015 CARE scheme.

You should have received a Remediable Pension Savings Statement (RPSS) outlining your Annual Allowance position. If you opted out, gave up added years, or declined added pension, you may have options to reinstate these.

Already Retired?

If you retired before 1^st October 2023 and are affected:

• NHS Pensions will contact you directly
• Your benefits will be reassessed
• You’ll be offered a choice, similar to active members.

Understand Your Options

If you’re nearing retirement and would like to determine your options and best approach, our bespoke NHS Pension Review can help you to:

• Understand the McCloud Remedy’s impact
• Reassess your Annual Allowance and tax exposure
• Make confident and fully informed retirement decisions.

The NHS has allocated funding to members affected to ensure you can access expert support – more information can be found here.

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The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.