NHS pension, no longer working

rev229

I have worked for the nhs for 19 years and payed into the pension scheme however I have now stopped working, caring for my disabled child. I will not be going back what will happen to my pension?

seven-day-weekend

If you are not yet of retirement age, your pension will be deferred , This means it will remain in the pension scheme until you are able to draw it. If it is index-linked, then it will have the rise added each year.

EdInvestor

You can write to them for a forecast of how much you will get. While you are on the case, it would be sensible to get a forecast for your state pension as well, click here.Be sure to tell them about your new caring responsibilities so they can update your entitlement with home responsibilities credits.

glenbois

19/80ths of your final salary is your entitlement so assuming a salary of say £20k you will get a pension of £4,750 per annum (19/80 * £20000) plus 3 times the amount as a lump sum at retirement the £4750 is in today's terms so if you have another 10 years to go before you retire then the £4750 will be increased in line with inflation but be the equivalent of £4750 per year in today's terms.