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  • FIRST POST
    • nad1611
    • By nad1611 29th Jun 10, 1:33 PM
    • 625Posts
    • 281Thanks
    nad1611
    NHS Pension how much is it worth now
    • #1
    • 29th Jun 10, 1:33 PM
    NHS Pension how much is it worth now 29th Jun 10 at 1:33 PM
    Hi. I had to give up my midwifery post in 1997 having given about 16 years of service. I have not been able to return to work and was not able to take ill health retirment at the time as it was impossible to say if I'd be able to return at all to my job or any job.
    At the time I was told that if I had taken a pension it would have been £400 monthly and a lump sum of £16000. I am going to be able to retire in 2020 and am wondering how I can find out or work out how much this will be worth then. Any help gratefully received.
Page 1
    • Emmamumof2
    • By Emmamumof2 29th Jun 10, 1:41 PM
    • 1,160 Posts
    • 2,562 Thanks
    Emmamumof2
    • #2
    • 29th Jun 10, 1:41 PM
    • #2
    • 29th Jun 10, 1:41 PM
    see this link

    http://www.nhsbsa.nhs.uk/Pensions/2672.aspx

    You are a deferred member as you had more than 2 years service so you need to complete the form:

    http://www.nhsbsa.nhs.uk/Pensions/Documents/Pensions/AW8P_(V2)_-_06.2009.pdf

    this should be completed 3-6 months before you wish to retire

    here is the FAQ section for deferred members

    http://www.nhsbsa.nhs.uk/1083.aspx

    You can ask for a projection of benefits also to ascertain expected income when you retire!
    • nad1611
    • By nad1611 29th Jun 10, 2:47 PM
    • 625 Posts
    • 281 Thanks
    nad1611
    • #3
    • 29th Jun 10, 2:47 PM
    • #3
    • 29th Jun 10, 2:47 PM
    Thanks for that actually answered a couple of other questions too. Like it looks like you can't commute if you left the NHS before 2008? Still would like some way of estimating what those amounts would be worth if I was 60 now?
    • Andy L
    • By Andy L 30th Jun 10, 1:26 PM
    • 7,731 Posts
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    Andy L
    • #4
    • 30th Jun 10, 1:26 PM
    • #4
    • 30th Jun 10, 1:26 PM
    They will increase each year between 1997 and age 60 by inflation.

    Up until the budget the figure was octobers RPI, as of now that may have changed to CPI (generally a lower %age) or it may still be RPI - the budget statement was vague as to how the change from RPI to CPI would affect deferred members like yourself
    • nad1611
    • By nad1611 4th Jul 10, 11:26 AM
    • 625 Posts
    • 281 Thanks
    nad1611
    • #5
    • 4th Jul 10, 11:26 AM
    • #5
    • 4th Jul 10, 11:26 AM
    They will increase each year between 1997 and age 60 by inflation.

    Up until the budget the figure was octobers RPI, as of now that may have changed to CPI (generally a lower %age) or it may still be RPI - the budget statement was vague as to how the change from RPI to CPI would affect deferred members like yourself
    Originally posted by Andy L

    Thanks Andy. Can this be worked out by using a calculator which works out what something in say 1997 would be worth now?
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