EPN716 - Remedy Pension Savings Statements - Civil Service Pension Scheme

Audience

Pension leads
HR managers

Summary

Members impacted by the 2015 Remedy, who qualify for a Pension Savings Statement (PSS), will receive a PSS for personal Tax Assessment for the Remedy period and 2022/2023 tax year (inclusive), known as the ‘Remedy PSS’.
We will start to distribute Remedy Pension Savings Statements (PSS) from 27 August and all Remedy PSS distribution is due to be completed by 6 October 2024.
Members will need to use the information provided in their Remedy PSS to check whether they have any tax liability for the years covered
Because these members have had their pension benefits rolled back to the Legacy scheme for the Remedy period, members may find that they now have additional tax charges to pay, or a repayment may be due. There could also be a tax charge to pay for the 2022/2023 tax year.
Any tax charge for the Remedy period or for 2022/2023 must be reported using HMRC’s Public Service Pension Adjustment Calculator.
The Remedy PSS covering letter explains what members will need to do. Further information and support materials will be available via a dedicated Remedy PSS page on the Civil Service Pensions Scheme website.
Any member also due to receive a PSS for the latest 2023/2024 tax year, will receive it separately, after their Remedy PSS.

Actions

To note when Remedy PSS statements will be distributed.
To note the impact that the 2015 Remedy will have on the distribution of this year’s PSS and the criteria which will determine if a member receives a Remedy PSS and/or a 2023/2024 PSS.
To note the need for members to report any tax liability for the input periods covered in the Remedy PSS via HMRC’s Pension Service Adjustment Calculator and that this will not be available until September 2024.
To note the support available to members via a dedicated Remedy PSS webpage.
To consider whether you will choose to make PSS Tax awareness sessions available for affected members.

Timing

Immediate.

Detail

Key dates

We have produced this table to help you keep track of key dates relating to the Remedy PSS:

Activity	Date
Remedy PSS distribution start date	27 August 2024
Remedy PSS completion date	6 October 2024
Remedy period	1 April 2015 to 31 March 2022
Tax years for Personal Tax Assessment	2015/2016 to 2022/2023 inclusive
HMRC Public Service Pension Adjustment Calculator due to be available to use	September 2024
Deadline for making any submission required to HMRC for this period	31 January 2025: for most 31 January 2027: for any who were pensioners or deceased on 1 October 2023
Pension Tax Awareness Sessions	From October 2024
Indicative PSS MI issued	28 June 2024
Final PSS MI issued	18 October 2024
MI query deadline	31 December 2024

PSS and the 2015 Remedy

The 2015 Remedy (McCloud) legislation came into effect on 1 October 2023. While many members aren’t affected by the 2015 Remedy, those who are have been ‘rolled back’ into their Legacy scheme (classic, classic plus, premium or nuvos) for the Remedy period (1 April 2015 to 31 March 2022).
Members can use the ‘Am I Affected tool’ to check if they’re affected by the 2015 Remedy.
If a member is affected by the 2015 Remedy, they may receive a one-off Remedy Pensions Savings Statement (Remedy PSS) this year.

About Remedy PSS distribution

To receive a Remedy PSS, a member must be subject to the 2015 Remedy and in any year during the Remedy period or 2022/2023 tax year have:

Exceeded the Annual Allowance; and/or
Earned over £100,000; and/or
Requested to receive a PSS from us.

If a member is due to receive both a Remedy PSS and a 2023/2024 PSS, they will receive two separate statements, with their Remedy PSS issued first.

Action members will need to take

Members who received a Remedy PSS will need to use the Pensions Input Amounts (PIAs) provided in their statement to check whether they have any tax liability for the years covered.
Members could have additional tax charges to pay or overcharges to be compensated for in the Remedy period and/or a tax charge to pay for the 2022/2023 tax year.
Past pension input figures are likely to have changed due to affected members’ pension benefits having been rolled back into their Legacy Scheme for the 2015 to 2022 Remedy period.
Members will need to use HMRC’s Public Service Pension Adjustment Calculator to work out if they have any new tax liability or change to a previous Annual Allowance tax charge. If they do, they will also need to use this Calculator to submit their information to report it to HMRC. Any submissions required must be made by 31 January 2025 (or 31 January 2027 if a member was deceased or a pensioner on 1 October 2023).
The HMRC Public Service Pension Adjustment Calculator is not due to be available for members to use until September 2024. We will make members aware of this in the Remedy PSS section of the Civil Service Pensions website.
HMRC will review submissions reported via the Public Service Pension Adjustment calculator and inform members and Civil Service Pensions of any charges due and/or changes require
If a member originally paid an Annual Allowance Tax Charge using Scheme Pays this method may also need to be used if there is any change to the charge. Further information about Scheme Pays in relation to the Remedy PSS will be available via the Remedy PSS webpage to support members with this.

Management Information (MI) for employers

The Scheme Administrator provided indicative PSS MI to employers in June. Indicative PSS MI is provided to help you determine if you would like to arrange any tax awareness sessions for members who receive a Remedy PSS and/or 2023/2024 PSS. Please note this is not a mandatory requirement.
Final MI, providing details of which members have been sent a PSS will be provided by 18 October, following completion of the PSS distribution. Remedy PSS MI and 2023/2024 PSS MI will be issued by separate email, if applicable.
If you believe any members who are affected by the 2015 Remedy and earned over £100,000p.a. in any year from 2015/16 to 2022/2023 inclusive are not included in Remedy PSS MI, and/or any members earning over £100,000 p.a. as of 5 April 2024 are not included in 2023/2024 PSS MI, please contact SEABS@MYCSP.CO.UK by 31 December 2024.

Help and support for members

The Remedy PSS covering letter explains what members need to do and provides the following information about where members can access relevant help and support:

Query type	What to do
Your pension and tax	Visit: www.civilservicepensionscheme.org.uk/pss-remedy
Information about the 2015 Remedy	Visit: www.civilservicepensionscheme.org.uk/remedy
How to input your PIA amounts	Visit: www.gov.uk/guidance/calculate-your-public-service-pension-adjustment
Public Service Pension Adjustment Tool technical help	Call: 0300 123 1079 and select Option 1 Email: publicservicepensionsremedy@hmrc.gov.uk
My pension information is incorrect	Visit: www.civilservicepensionscheme.org.uk/contact
Help registering or logging into the Pension Portal	Visit: www.civilservicepensionscheme.org.uk/register

A dedicated Remedy PSS webpage can be accessed directly via the URL published in the Remedy PSS: civilservicepensionscheme.org.uk/pss-remedy, as well as via the PSS and 2015 Remedy pages. It provides a range of content to support members, including:
- Guidance on what the PSS is and the action to be taken
- Access to HMRC’s Pension Service Pension Adjustment Service, which will include the Calculator members need to use once it is available
- How to use Scheme Pays to handle a tax charge or repayment
- How to access PSS Tax Awareness Sessions.
MyCSP will offer Tax Support for members who have received a Remedy PSS and/or 2023/2024 PSS.

A Group Tax Awareness session will help give members a better understanding of what the information in their Remedy PSS means, with One-to-One sessions available to those who feel they need further support, for example, if a member has determined they have a tax charge to pay and/or a change to their tax position as a result of the 2015 Remedy.

Employers can choose to fund this service and arrange for relevant members to attend group and/or one-to-one sessions as appropriate. Where Employers are not providing this support, members will still be able to attend sessions if they fund the cost themselves.

Employers can arrange Group Sessions for their employees (with up to 50 delegates per session) by emailing taxsupport@mycsp.co.uk. Individual places can also be booked on the open Group Tax Awareness sessions available.

One-to-One Pension Tax sessions are booked separately. In the most complex of cases, if a member still feels they need additional support following their initial One-to-One session, a supplementary 20 minute session can also be booked.

The prices for the services are as follows:

Service	Price (excluding VAT)
In-house Group Tax Awareness Session	£2,400 (max 50 delegates)
One Group Tax Awareness Session	£249 per delegate
One-to-One Pension Tax Session	£975 per delegate
Supplementary One-to-One Pension Tax Session	£525 per delegate

Sessions will be held from October 2024 onwards with all delivered online, via Microsoft Teams. If a different delivery method is preferred, for example, in person delivery, please contact taxsupport@mycsp.co.uk to explore this option.

Employers and members could also seek advice from alternate sources.
Funding for professional fees up to a value of £500 (including VAT) may be available only for Remedy PSS recipients who have a tax charge to pay or a change in past liability. Receipts/invoices will need to be provided to prove any professional support received.

Key differences between the Remedy PSS and the 2023/2024 PSS

The key differences between the Remedy PSS and 2023/2024 PSS to be aware of are as follows:

	Remedy PSS	2023/2024 PSS
Date of issue	August – 6 October 2024	August – 6 October 2024 (will be sent separately after any Remedy PSS also due to be issued)
PSS qualifying criteria	In scope of 2015 Remedy and met one or more of the PSS qualifying criteria in any year in the 2015/16 to 2022/2023 periods provided for Tax Assessment i.e., ● Exceeded the Annual Allowance of £40,000 at that time; and/or ● Earned over £100,000; and/or ● Requested a PSS	Any Scheme member that meets the PSS qualifying criteria for 2023/2024 i.e., ● Exceeded the Annual Allowance of £60,000; and/or ● Earned over £100,000; and/or ● Requested a PSS
How to calculate any tax liability	Use HMRC’s Public Service Pension Adjustment Calculator: www.gov.uk/guidance/calculate-your-public-service-pension-adjustment	Use HMRC’s Annual Allowance Calculator: www.tax.service.gov.uk/pension-annual-allowance-calculator
How to report any tax liability	Via HMRC’s Public Service Pension Adjustment Calculator: www.gov.uk/guidance/calculate-your-public-service-pension-adjustment	Via Self Assessment
Where to access further information and support	Visit the dedicated Remedy PSS page on the Scheme website: www.civilservicepensionscheme.org.uk/pss-remedy	Visit the Pension Savings Statement (PSS) page on the Scheme website: https://www.civilservicepensionscheme.org.uk/your-pension/yearly-pension-update/pension-savings-statement/

Contacts

If you have a question about the distribution of EPNs or would like to receive them in a different format, please contact EPN@MyCSP.co.uk.

You can find electronic copies of the Employer Pension Guide, all current EPNs and forms in the Employer section of the Civil Service Pensions website.

This notice is for employers and should not be issued to scheme members.

Members can find information about their pension by visiting the scheme website.