NHS Pension.

Easy To Understand Advice About The NHS Pension.

The NHS Pension Scheme currently has 1.35 million actively contributing members, 560,000 members with preserved benefits and pays pensions to over 660,000 pensioners every month. As such it is the largest pension scheme in Europe.

The NHS Pension Scheme is a defined benefits 'final salary' scheme and is one of the most important and valuable benefits available to NHS employees.

The NHS Pension Scheme provides you with a regular income after you retire, but it can also provide a lump sum.

Our Pension Experts can give you detailed Pension Advice and guidance on what the benefits of the NHS pension scheme are and how they will affect you and your individual retirement objectives.

 

How We Help.

Christine R. was a Nurse for 7 Years, she left the scheme in 1993. She had other Pensions with a number of different companies and wanted to know where she stood with them, what Pensions she could get and whether she could afford to take early retirement. 

Top Facts

  1. The scheme liability, which is estimated by the Government Actuary's Department (GAD), is £287.6bn as of 31 March 2010.

  2. The average pension for all members is around £7,000, with average scheme membership of 18 years.

  3. There are two sections of the NHS Pension Scheme the 1995 section and the newer 2008 section.

  4. The NHS pensionable pay bill was around £31 billion in 2006, which accounts for almost half of NHS spending. £6.3 billion of pension contributions were paid: £4.3 billion by employers and £2.0 billion by employees.

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Did You Know?

The NHS is the third largest employer in the world, around 1.35 million people. This is around one in every 40 people, or 2.5% of the population, working for the NHS.

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