Read the Additional Pension decision tree (PDF: 311KB) for instructions on how to set up an Additional Pension for a member.
Unreduced lump sum retirement allowance
Read the unreduced lump sum retiring allowance factsheet (PDF: 197KB) for information about how to process an application for a member.
Money Purchase AVCs
Stakeholder pensions are an alternative way of saving for retirement but are not normally recommended as a main pension for someone who can join the NHS Pension Scheme. If an employee is prevented from joining the NHS Pension Scheme for some reason the employee can be offered an NHS stakeholder pension.
If they are a member of the NHS Pension Scheme they can also use an NHS stakeholder pension to top up their main NHS Pension Scheme benefits. They can do this instead of, or as well as, other top up arrangements.
Because stakeholder contributions are invested with an external provider the NHS Pension Scheme cannot guarantee the fund or the amount of the pension it will produce.
NHS stakeholder pensions are run for the NHS by Standard Life. If the employee would like to find out more about NHS stakeholder pensions please contact:
20 Brandon Street
Helpline: 0800 33 33 06
A member may, if they prefer, take out a stakeholder pension independently of the NHS Pension Scheme.