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Pension scams
A lifetime’s savings lost in a moment
The Pensions Regulator has warned that pension scams are on the increase in the UK.
Some NHS Pension Scheme members may have already been targets.
‘One off pension investments’, ‘pension loans’ or ‘upfront…
Normal pension age
Normal pension age is:
60 years old in the 1995 section
65 years old in the 2008 section
Members with special class status in the 1995 section may have the right to retire from a normal pension age of 55.
In the 2015 scheme, it's the same as…
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…
Standard benefits
Both Officer pension statement and Practitioner pension statement show your standard benefits.
Standard benefits are an estimate based on the latest known information to show what your pension may be worth at this time.
If you want to take…
Maximum lump sum
Information on exchanging part of an annual pension for a lump sum.
At retirement, members may be able to exchange some annual pension for a lump sum / larger lump sum.
This applies to:
1995 section (except members who left before 1 April 2008…
Pay
Information about how your pay is used to calculate your benefits.
Officer pension statement
In the 1995/2008 Scheme, we calculate your benefits for the NHS Pensions Scheme:
using your ‘final year’s pensionable pay’ for the 1995 Section…
Benefits payable on death
In the event of your death, a lump sum and pension benefits for your dependants may be payable.
The benefits payable will depend on your circumstances at the time of your death.
A lump sum on death is a normally tax free sum of money that:
is…
Your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available now
If you’re a member of the NHS Pension Scheme, your updated Total Rewards Statement (TRS) or annual benefit statement (ABS) is available to view online now.
If your organisation uses Electronic Staff record (ESR), you will be able to use this to…
Lump sum
If you’re a member of the 1995 Section
The 1995 section automatically provides members with a lump sum at retirement. This is normally 3 times their pension.
If you're a member of the 2008 Section
If you moved to the 2008 section as part of the…
Adult dependant's pension
In the event of your death, a lump sum and pension may be paid to your surviving spouse, registered civil partner, qualifying partner or nominated recipient.
We may pay an adult dependant's pension to:
your surviving spouse
your registered…