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How long does an NHS Pension contribution refund take?
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# 1
cazziej
Old 17-06-2008, 6:18 PM
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Default How long does an NHS Pension contribution refund take?

Hi, my daughter has recently moved from her job in the NHS and has requested a refund of her NHS pension contributions.

Does anybody have any idea how long this would take:confused: . She was in the pension for approximately 15 months.

Thanks in advance.

Carol
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# 2
CLAPTON
Old 17-06-2008, 7:09 PM
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I don't know the answer, but its a very good scheme and its unwise to leave it.
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# 3
cazziej
Old 17-06-2008, 7:43 PM
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Quote:
Originally Posted by CLAPTON View Post
I don't know the answer, but its a very good scheme and its unwise to leave it.
Hi Clapton, I agree with you, I have been in it for the past 11 years and wouldn't dream of giving it up. However, she is 19, desperate for money and will think about starting a new pension in the future.

Thanks.

Carol
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# 4
Barbiegirl
Old 17-06-2008, 8:45 PM
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Hi

I used to work for the NHS. I contributed for less than 2 years. The rebate took about 4 weeks to go through in my case. I doubt you will be waiting longer than that. Good luck.
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# 5
mrs pepperpot
Old 17-06-2008, 8:50 PM
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when my hubby came out we lost hope it took ages, then about 4/5 months later we recieved it, but a chunk missing on some kind of fee (2 years worth)
" I'm just a simple janitor, who can control people with my mind"
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# 6
EdInvestor
Old 17-06-2008, 10:17 PM
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They will take off money to buy you back into the state second pension and also to repay tax relief.
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# 7
cazziej
Old 17-06-2008, 11:27 PM
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Thanks for your replies.

Best wishes

Carol x
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# 8
riaswayze
Old 04-06-2009, 11:04 PM
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Default how do you do it?

I worked for the NHS 4 years ago and payed into the pension scheme, how do I go about getting it back? would appreciate some advice.. thanks in advance
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# 9
CLAPTON
Old 04-06-2009, 11:23 PM
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you can't;
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# 10
Andy L
Old 05-06-2009, 9:37 AM
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Quote:
Originally Posted by riaswayze View Post
I worked for the NHS 4 years ago and payed into the pension scheme, how do I go about getting it back? would appreciate some advice.. thanks in advance
You can only get a refund if you left with less than 2 years service
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# 11
Mr Falling Star
Old 18-06-2009, 7:52 AM
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Can I ask a question, I worked for the NHS for a few months and have a refund form to get the money back. A friend of mine is in the same position and he is adamant you get the contributions you made plus what the NHS made refunded to you. This does not make any sense to me, I thought you should only get back what you made??
The World come on.....
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# 12
jem16
Old 18-06-2009, 7:54 AM
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Quote:
Originally Posted by Mr Falling Star View Post
he is adamant you get the contributions you made plus what the NHS made refunded to you.
He is wrong.
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# 13
Mr Falling Star
Old 18-06-2009, 8:25 AM
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Thanks thought so
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# 14
Andy L
Old 18-06-2009, 8:42 AM
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You only get to keep the NHS contributions if you transfer it to another pension, not if you take the cash refund
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# 15
McKneff
Old 18-06-2009, 9:32 AM
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you get the refund (your contributions only - less tax remember)
No one can make you feel inferior without your consent
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# 16
makingtrails
Old 25-01-2010, 4:51 PM
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Default NHS Pension Query

Whats is the tax rate on a pension refund? and are they any fee's for releasing?

I recently joined the NHS (within 2 years) and transferred a small pension of 3,000 from Standard Life who advised me under no circumstances I could cash in my pension before I turned 55 (I'm 26 now).

I understand that I can opt out of my NHS pension and cash in the amount I have inputted but at what cost?

I want to keep my NHS pension or at least join back at a later date as I know it's one of the best pensions around but I could really do with releasing the amount I transferred in so I can fund my own career development in the short time which means improved salary and improved pension contributions in the long term.

Any advice?
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