Users' questions

What are the changes to NHS Pensions?

What are the changes to NHS Pensions?

As the NHS Pension Scheme has moved from final salary linked to a career average revalued earnings ( CARE ) model, all members will build up CARE benefits from 1 April 2022. This change ensures that the costs and benefits of the scheme are more evenly shared, and will be introduced as part of the McCloud remedy.

When did NHS Pension Scheme change?

​In 2015 the government made changes to most public service pension schemes, including the NHS Pension Scheme. These reforms didn’t apply to members closest to retirement, who stayed in their legacy schemes with ‘transitional protection’.

What is the 2015 NHS Pension Scheme?

The 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. This is a form of defined benefit pension scheme, which means you get a guaranteed level of benefit at retirement payable according to a fixed formula. In a CARE scheme your pension is based on your pensionable pay throughout your career.

How much will my NHS pension increase this year?

Your yearly pension increase is applied by NHS Pensions every April. However the date that the increase occurs in April varies each year. This year the pensions increase will take effect from the 12 April 2021 and will be 0.5%.

Will my NHS pension affect my state pension?

The NHS Pension Scheme is completely separate from the State Pension arrangements and any other pension schemes you may have. This means you will normally get a separate basic State Pension as well as your NHS pension.

What happens to my pension if I leave the NHS?

A cash lump sum on death

  • Adult dependants’ pension (survivor pension)
  • Child dependants’ pension
  • Should I Opt Out of the NHS pension scheme?

    To opt out, you must complete the application to leave the NHS Pension Scheme (SD502) form (PDF: 211KB). You and your NHS employer must complete the form. This is the only way to opt out of the NHS Pension Scheme. You might be eligible for a refund of your scheme contributions.

    What are the barriers to implementing change in the NHS?

    – the initiative itself, those relating to the skills and attitudes of individuals – organisational context – a broader system level.

    How to calculate NHS pension?

    make sure you’ve read the notes and assumptions on the calculator

  • know the date you joined the scheme
  • know your current pensionable pay
  • know any service credited from a transfer in (final salary scheme only).