SPPA Mccloud judgement

LookingForwardToRetiremet

Nhs nurse pension scheme..

I've been reading the latest consultation in response to above judgement. To be frank I don't understand it, the language used completely baffles me.

Does anyone know are there plans or any suggestion the changes may lead to the lump sum on retirement being taxed.

Also special class status is that lost with one continuous 5 year break or cumulative


Thank you 

sammyjammy

There is no suggestion that the lump sum will be taxed, can't help with your other query, sorry

hyubh

LookingForwardToRetiremet said:

Nhs nurse pension scheme..

I've been reading the latest consultation in response to above judgement. To be frank I don't understand it, the language used completely baffles me.

Does anyone know are there plans or any suggestion the changes may lead to the lump sum on retirement being taxed.

That is completely separate from McCloud. The tax free nature of pension commencement lump sums is set out in covering pensions legislation, not the rules of the NHS Pension Scheme in Scotland. 

Also special class status is that lost with one continuous 5 year break or cumulative

Somewhat separate from McCloud The fact any one break cannot be 5 years or more holds irrespective of McCloud. However, if you have been put into the 2015 scheme from the 1995 one, what McCloud does (if you qualify) is to put you back into the old scheme up until April 2022. That would entail special class status pertaining to more years of pension membership than otherwise.

PS, are you male or female? If the former, the fact special class status was only equalised with Barber still stands, i.e as a male you would remain legally discriminated against for pre-17/5/90 service.

LookingForwardToRetiremet

Thank you for replies, much appreciated.

Awh that's interesting, so am I correct to assume that there's no current  plans to  look  at changing current tax free pension  lump sums?
The reason I ask is because I'd heard in another  area some staff  had an impression of future changes (rightly / wrongly).

Thank you 

saucer

hyubh said:

 what McCloud does (if you qualify) is to put you back into the old scheme up until April 2021. That would entail special class status pertaining to more years of pension membership than otherwise.

Probably a typo hyubh but I believe it's April next year, 2022

hyubh

saucer said:

hyubh said:

 what McCloud does (if you qualify) is to put you back into the old scheme up until April 2021. That would entail special class status pertaining to more years of pension membership than otherwise.

Probably a typo hyubh but I believe it's April next year, 2022

Correct, thanks!

Thrugelmir

LookingForwardToRetiremet said:

The reason I ask is because I'd heard in another  area some staff  had an impression of future changes (rightly / wrongly).

Speculation is a human trait. Normally started by a misleading social media post.

There's sufficient capping of pension pots already not to require any further interference. With inflation doing the polticians dirty work surreptitiously.