NHS pension, moving job

rmax

As a staff nurse I have been paying in to the NHS pension scheme for approx eight years. I am moving to work as a school nurse and the school does not offer the NHS scheme although I would prefer to stay in the NHS system.

I'm wondering what my options are. If there is a way I can continue to pay into the NHS scheme myself, and if not how I might find a new pension? I assume the school will offer a private scheme?

Also wondering what the minimum amount of hours per month I would need to do (say working Bank at the local hospital) to qualify to remain in the nhs scheme which would be my pref.

jem16

rmax wrote: »

If there is a way I can continue to pay into the NHS scheme myself,

No you cannot do this. You must be employed by the NHS to be in the scheme.

and if not how I might find a new pension? I assume the school will offer a private scheme?

Is the school private or state run? If state run do you not have access to the LGPS ( Local Government Pension Scheme)?

rmax

I worked in the NHS for 5 years, then moved to a charity (Not NHS) hospice, but they offered the NHS scheme for all nurses, so it seems you do not have to be within the NHS to remain in the scheme if the employer allows it?

The school is private.

jem16

rmax wrote: »

I worked in the NHS for 5 years, then moved to a charity (Not NHS) hospice, but they offered the NHS scheme for all nurses, so it seems you do not have to be within the NHS to remain in the scheme if the employer allows it?

There are some approved employers.

http://www.nhsbsa.nhs.uk/Pensions/2655.aspx

The school is private.

You would need to ask if they offer access to a pension scheme. Otherwise it looks like a personal pension you would need to look for.

rmax

Just wondering if I can remain in the NHS pension scheme if I work as a bank nurse at the local NHS hospital and if so, what is the minimum number of hours a bank nurse needs to work to qualify. (assuming I could top up the payments from my main non NHS job).

mgdavid

rmax wrote: »

Just wondering if I can remain in the NHS pension scheme if I work as a bank nurse at the local NHS hospital and if so, what is the minimum number of hours a bank nurse needs to work to qualify. (assuming I could top up the payments from my main non NHS job).

good lateral thinking - but you will likely need to ask the appropriate HR people in the hospital

Andy_L

You can either:
a. Leave the pension where it is & it will increase in line with inflation
b. Transfger it to a new pension. However, unless your employer offers a final salary scheme this is unlikely to be a good idea

Whilst you will accure pension as a bank worker that will only be based on the bank shifts you do, you can't use it as a way of getting your school nurse salary into the NHS scheme

poorgirl-54

is it worth it to pay in nhs pension, considering you have have to pay more to get the same return, from april and there is no gaurantee of you will get back what you put in

atush

yes, it is worth it. And you are guaranteed to get what they say you will get- accrued years in the scheme based on your salary and indexed linked.

All of which would cost you 5-6X as much outside the NHS pension.

xylophone

If you do bank work and do get access to the NHS scheme, would you be able to buy additional benefits through AVC's?

Andy_L

atush wrote: »

All of which would cost you 5-6X as much outside the NHS pension.

A little bit of an exageration but yes, the new "dis-improved" NHS pension is still worth paying into