Alternative to nhs pension?

AS long as you stick to funds over single shares, and go for a global fund over a UK specific Ftse fund, and have cash and other assets you should be fine.

But really there is no alternative to the NHS pension for you- but there are suppliments sch as Sipps/PPs that you can use to retire early, leaving your NHS pension until it pays out in full or at a reduction you can live with.

Hi
I am also in Nhs pension ( 2008 scheme 3 yrs) and with only couple years so far with (2015) as left to have kids. Due to small pot and low earnings as a part time nurse working 25 hrs my contribution is low so I have set up additional payments. This could be an option?

https://www.nhsbsa.nhs.uk/member-hub/increasing-your-pension

Additional Pension is a flexible way of increasing your NHS Pension.

You can choose to buy a set amount of annual pension, which you can pay for either with a lump sum payment or by regular contributions deducted from your pay, for an agreed period of time.

Additional Pension can be bought at any time during the year as either:

personal cover which increases your own pension benefits only; or
dependants cover, which increases your own pension and the benefits that will be payable to your spouse, partner or dependant children after your death.
Additional Pension does not include an automatic lump sum but you can include your Additional Pension in the total pension that is exchanged for lump sum.

Irrespective of your working pattern you will get the same amount of Additional Pension at retirement and the cost of purchasing Additional Pension is the same whether you work full time or part time.

hyubh wrote: »

Even if all NHS hospitals closed that would be irrelevant because NHS pensions are paid for out of general taxation - no individual NHS employer has its own pension liability with the scheme.

I think that OP was referring to a point she made in the original post of there being other pressures to consider such as staff shortages and investing outside the scheme could if of a sufficient level enable someone to leave the profession before the pension age.


There are many stresses in many jobs but I can see being any medical consultant let alone an A&E Consultant being very stressful along with your profession being a regular political target being blamed for NHS failings whilst making daily life and death decisions as possibly one of the most difficult. Even consultants are human!