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If you want to ask NHS Pensions to pay your Annual Allowance charge to His Majesty’s Revenue and Customs (HMRC), you must complete the Scheme Pays Election Notice (SPE2). You must only complete the current version of the election notice.

We must receive your election by the 31 July, following the January in which the Annual Allowance charge must be declared on your self-assessment tax return.

Tax Year

Deadline

2018/19

31 July 2020

2019/20

31 July 2021

2020/21

31 July 2022

2021/22

31 July 2023

Due to COVID, the deadline for a voluntary election for 2018/19 and 2019/20 was extended to 31 March 2022. The deadline for a voluntary election for 2020/21 has been extended to 31 March 2023.

We’ve recently improved our processes to allow scheme pays elections to be submitted after you retire. Your election must be received before the relevant scheme pays deadline for the tax year in question. If you’re reaching the age of 75, you must complete and send your SPE2 before your 75th birthday.

Once your election has been accepted, you cannot change your mind and pay the charge yourself. You have up to four years to change it.

The 31 July deadline is the same for both mandatory scheme pays and voluntary scheme pays.  If we pay your Annual Allowance charge on a voluntary basis, you’ll be responsible for any interest HMRC might charge if it’s paid after the HMRC's self-assessment tax return deadline. This is the 31 January following the end of the tax year in which you incurred the charge.

View further information in the Scheme Pays Election Guide.