Transferring into NHS pension scheme

markyb123

Hello, I am a student nurse who will qualify in September. I have just joined the NHS pension scheme as I have signed up for the NHSP Nursing Bank ( part time shifts as a health care support worker to earn some petrol money ).

I have a pension from my previous career currently valued at £57,000 (value as of now).

I will be 40 years old when I qualify and start my career as a Nurse proper, does anyone know if it is worth transferring my current pension into the NHS scheme and, if so, what additional years contributions it may give me ?

Apologies if it's a dumb question - never had to think about pensions before and I am a bit confused really....

Any help would be really appreciated. Thanks, Mark.

Koicarp

I would suggest taking a good look at this:

http://www.nhsbsa.nhs.uk/Pensions/Documents/Pensions/Transfer_Booklet_-_online_(V4)_01.2010.pdf

I'd also suggest you take a look at all of the info on the nhs 2008 scheme, on the nhsba website, which is the scheme you will transfer into.
Good luck with your last few months of training.

markyb123

Hi, thanks for that - had seen it but it doesn't give an idea of what the transfer would actually give me and, obviously, whether it would be a good idea or not

jem16

markyb123 wrote: »

Hi, thanks for that - had seen it but it doesn't give an idea of what the transfer would actually give me

You would have to ask the NHS scheme for that info as they are the only ones who can tell you.

and, obviously, whether it would be a good idea or not

Without knowing how many years it would buy that would be impossible to answer. At the moment you can only look at the benefits of the scheme.

markyb123

Ok, I'll give them a call tomorrow. Thanks for the help guys