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Do you understand the McCloud Remedy and what it may mean for your pension benefits?
When the 2015 NHS Pension Scheme was first introduced, older scheme members (those within ten years of retiring) were allowed to continue in their original 1995 or 2008 NHS sections. In 2018, the Court of Appeal found this to be discriminatory against younger members in a case brought by judges (named McCloud) and firefighters.
Cavendish is launching our new ‘Essential Briefings’ webinars which take a short, sharp look at one important topic for each session. This webinar will explain what the McCloud remedy may mean for you and explain when and how you can choose to receive your ‘compensation’ benefits for the deemed age discrimination.
Financial planner and director of Cavendish Medical Patrick Convey will cover these key topics:
- What is the McCloud Remedy?
- How might it impact my pension benefits?
- What are the choices of compensation benefits?
- When will I need to decide?
- What if I am retired, or intend to retire, earlier than October 2023?
- What will happen to my tax figures for the last few years?
- How might the annual allowance be impacted?
The presentation will last 25 minutes.
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