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Pension

How we calculate your estimated NHS pension.

Officer pension statement

We estimate your NHS pension based on your employer's last update of your records.

We do this using your:

  • NHS Pension Scheme membership
  • pensionable pay

The figure shown is an annual amount.
 

1995 section

Members receive 1/80th of their pensionable pay for each year or part year of membership. The calculations for this are as follows:

1/80 × pensionable pay × years of membership

For example: 5 years and 213 days of membership is equal to 5.58 years of membership.
 

2008 section

Members receive 1/60th of their reckonable pay for each year or part year of membership. The calculation for this is as follows: 

1/60 × reckonable pay × years of membership

For example: 5 years and 213 days of membership is equal to 5.58 years of membership.
 

2015 scheme

Members receive 1/54th of their pensionable earnings for each year or part year of membership. The calculation for this is as follows:

1/54 x pensionable earnings for Scheme year

This will be subject to revaluation on 1 April each year.

We produce your 2016 statement as of 31 March. The figures shown are not yet revalued.

You may be a member of the NHS Pension Scheme who moved to the 2008 section as part of the NHS Pension Choice Exercise. We reduce your pension to pay for the standard lump sum you must take.

Your pension benefits will be reduced if paid before your normal pension age.

How much the reduction is depends on how much earlier than the normal pension age we pay the pension.

Your Annual Benefit Statement doesn't include additional pension you bought or will buy. We calculate this at retirement.

Practitioner pension statement

We use your uprated earnings (practitioner remuneration) to calculate practitioner benefits.
 

1995 section

Your basic annual practitioner pension is 1.4% of this total amount.
 

2008 section

Your basic annual practitioner pension is 1.87% of this total amount.

We base calculations on the latest pay and dynamising factors we hold on your record.
 

2015 scheme

We calculate your benefits using your ‘pensionable earnings’ from each scheme year. These are in the pensionable earnings statement.

If you had separate periods of salaried hospital / community (officer) membership, we either:

  • include this in your practitioner pension
  • provide a separate officer pension

We calculate this officer pension as per the information in the officer section.

These separate officer benefits are then added to your practitioner benefits. They display as a single total on your statement. We’ll display reckonable or pensionable pay on your statement, and remuneration.

Find out more in the member guides available on the NHS Pensions website.