How will changes to the NHS Pension Scheme affect you?


A number of changes came into effect from 1 April 2008 with regard to how the NHS Pension Scheme works and the benefits provided to members*.

One of the biggest changes was that the current system for the purchase of additional benefits in the form of Added Years has ceased.

Also, your contributions are now linked to your earnings, which means that a fully qualified dental practitioner now contributes more (between 6.5% - 8.5% of earnings compared to 6% previously).

However, some changes allow for greater flexibility. For example, you can increase the size of your tax-free lump sum up to 25% of your total pension entitlement, in return for a smaller pension.

It’s vitally important to gain an understanding of the revised scheme. Your local Financial Consultant will be able to provide you with a comprehensive guide to those changes that directly affect you, together with advice on the best way forward.

To request an appointment, please enter your postcode in the locator below. You can then contact your local Financial Consultant direct.

*This information is based on our current understanding of the proposed new pension arrangements, which are currently subject to public consultation and parliamentary ratification.