Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers.
As part of this work, the Department of Health and Social Care (DHSC) commissioned the Government Actuary’s Department (GAD) to develop a calculator to help members plan how much of their pension to take at partial retirement. The intention was for this calculator to be available in October, but following extensive testing, we requested some changes from GAD to ensure the calculator gives accurate information clearly and concisely for members.
We’re sorry that this has meant a delay before it’s available. We’ve been working closely with GAD and following further extensive testing we expect to be able to publish the calculator by mid December 2023.
We recognise that some members may have been waiting for the calculator before submitting their partial retirement application. You will be able to retrospectively apply for partial retirement from 1 October 2023 and we will backdate payments to your chosen partial retirement date. To do this, once the calculator is available, you need to include the date you want your partial retirement to start from, for example 1 October 2023 - on the application form.
If you would like to submit your application before the calculator is available and you are affected by the Public Service Pension Remedy, also known as the McCloud Remedy, you may be able to use the McCloud Percentage Tool to help complete the application. It cannot give as much information as the Partial Retirement Calculator, but if you are a fully protected member, it allows you to see what percentage of pension you can take to avoid having overpayments to repay when you make your McCloud choice later.
You can find more information on how to use this tool on our partial retirement webpage.
The partial retirement calculator can help the majority of members who might consider partial retirement. But some members may have more complex circumstances, such as those explained in the bullets below, which mean the figures shown by the calculator will be less accurate than an estimate requested from NHS Pensions.
If you are a member type listed below, you should ask for an estimate rather than use the calculator:
- Members affected by the McCloud remedy who moved to the 2015 Scheme before 1 April 2022
- Members of the 2008 Section
- Members who only have membership of the 2015 Scheme
- Members who are currently practitioners, or have historic practitioner membership (including GPs/Dental Practitioners and Ophthalmic Practitioners)
- Members who have had any break from the pension scheme
- Members of the 1995 Section wanting to take partial retirement before age 55
- Members who are male nurses
- Members whose Added Years/Additional Pension contract payable dates are different from their normal retirement age
- Members who have mixed service between Mental Health Officer (MHO) and Non-MHO
- Members who have transferred in from another public service pension scheme
- Members with over 40 years’ service before age 55
- Members working in more than one part-time role at the same time
- Members with Early Retirement Reduction Buy Out (ERRBO) agreements
- Members who received no pay for more than one month due to unpaid sick leave or unauthorised absence
To request an estimate, you should use the updated Partial Retirement Member Estimate form on our website.