An extra amount of 1995 Scheme or 2008 Scheme future pension income that you (or your employer) could buy by paying extra contributions (monthly or as a one-off lump sum) – no new contracts as all contributions are now in the 2015 Scheme
An extra amount of 2015 Scheme future pension income that you (or your employer) can buy by paying extra contributions (monthly or as a one-off lump sum), also known by its initials, AP, read more here
Outside of the 2015 Scheme, extra contributions that you can choose to pay to increase your future pension income, invested in the stock market (not guaranteed inflation-proof income), also known by its initials, AVCs
Adjusted Income is used to work out if, and by how much, your Annual Allowance is reduced (tapered), broadly your total income from all sources plus Pension Input Amount in the tax year Lots more information on our Annual Allowance page
A pension income paid to an eligible surviving spouse, registered civil partner or nominated qualifying partner after you die
Giving up part of your pension (when you apply for it to start being paid) to provide an income for someone else when you die
The maximum amount your future pension income can increase each year tax-free, often shortened to its initials “AA”
The Annual Allowance is reduced to limit the tax relief on pension contributions (or pension growth) of high earners Lots more information on our Annual Allowance page
An annual overview of your pension benefits based on information provided to NHSBSA (NHS Pensions) by your employer, up to 31 March each year, available on My NHS Pension Portal and as part of the Total Reward Statement (TRS) on the Electronic Staff Record (ESR) for current NHS employees with
The annual increase (or decrease) to your 2015 Scheme future pension income for inflation (CPI the previous September) and Active Member Bonus (1.5% if still contributing to the 2015 Scheme). Deferred pensions and pensions already being paid also increase in April each year by the Public Sector Pensions Increase (CPI