On the introduction of SMART Pensions in July 2012, KPS-MP members were only able to amend contribution rates on an annual basis or at a Life Event without losing all tax and national insurance benefits. Her Majesty’s Revenue & Customs (HMRC) has now revised this requirement allowing members to have the flexibility of opting in or out at any time.

In accordance with HMRC’s change, we have revised the KPS-MP SMART Pensions arrangements to give members greater flexibility and choice, as detailed in the SMART Pensions Guide.