BDA Northern Ireland welcomes online access to pension statements
14 August 2019
BDA Northern Ireland has welcomed a new facility that will give GDPs online access to their annual allowance statements and annual benefit statements, which has been launched by HSC Pension Service.
Accessed via a secure hscni.net email account, HSC Pension Service has committed to start making annual benefit statements available on the new member self-service facility
from September, with a roll-out of annual allowance statements from October. BDA Head of Pensions, Phil McEvoy said:
“We have been engaging closely with the HSC Pension Service over recent months with the aim of giving dental practitioners easier access to their pension information. This is particularly important when we know of so many cases where statements have not been received.
“We welcome this proactive step taken by HSC Pension Service to make important pension information available online, made possible by the HSCB and the Business Services Organisation (BSO) issuing dentists with secure hscni.net email addresses. We urge dentists to take the time to register for, and access, the member self-service pensions facility”.
Annual Allowance statements also online
As well as providing benefit information such as how much HSC pension you are entitled to, we are also pleased to hear that that Annual Allowance statements will be uploaded to the member self-service site.
We previously asked for this information to be made available for all dentists and are encouraged that BSO are now able to make this available. This puts Northern Ireland ahead of our colleagues across the rest of the UK in being able to access this information.
The information included in the Annual Allowance statement is important for the purposes of your tax return, for determining whether you have breached the Annual Allowance and whether you would be subject to a special tax charge.
This is a complex area of taxation and it is important that you share this information with an accountant or tax adviser. Guidance for BDA members is available on our website
A fairer deal on pensions tax
We have also been pressing for health service pension schemes to allow more flexibility for dentists to allow members to pay less and build up lower pensions, meaning that they will be better able to control their exposure to pension tax charges.
Whilst developments on this are initially being discussed in respect of the Health Service in England and Wales, our expectation is that Northern Ireland will follow suit in implementing pension flexibilities – find out more about our campaign for getting a fairer deal on pensions tax.
BDA Northern Ireland
BDA Northern Ireland supports, represents and promotes, the interests of all dentists working in Northern Ireland. Working with elected committee members, we negotiate on behalf of the profession on terms and conditions, pay and contracts. Join us.