NHS Pension, to join or not to join??

k3rry4nn

Hi all, advice needed asap, im a Registered Nurse who has never joined the NHS pension thus far. The reasons are i needed money to love now but its come now that maybe i may join or may not dependent on the advice given. Im 35 now and want to wind down to part time at 55 and work til prob 68 to draw my pension NHS. I also have an old police pension it will only given me £100 p/m and a lump sum of £3000 up to now but how do i transfer this? I absolutely gormless when it comes to pensions and i have not a clue what to do for the best or how to decide... any advice?

many thanks:o

zygurat789

k3rry4nn wrote: »

Hi all, advice needed asap, im a Registered Nurse who has never joined the NHS pension thus far. The reasons are i needed money to love now but its come now that maybe i may join or may not dependent on the advice given. Im 35 now and want to wind down to part time at 55 and work til prob 68 to draw my pension NHS. I also have an old police pension it will only given me £100 p/m and a lump sum of £3000 up to now but how do i transfer this? I absolutely gormless when it comes to pensions and i have not a clue what to do for the best or how to decide... any advice?

many thanks:o

This is one of the best and safest schemes available, unless you are an MP, Join ASAP. Talk to your payroll/pension office and at the same time
get quotes for transferring. The police pension is at least as good as
the NHS one.

k3rry4nn

Thanks for the advice, its all coming in where there is no option but to join as all companies who employ over a certain number of people will automatically put you in the pension scheme now and you can ? then opt back out and i am struggling with the decision. Thanks and ill look into it asap

Andy_L

k3rry4nn wrote: »

Thanks for the advice, its all coming in where there is no option but to join as all companies who employ over a certain number of people will automatically put you in the pension scheme now and you can ? then opt back out and i am struggling with the decision. Thanks and ill look into it asap

If you don't join you are throwing away free money from your employer worth ~15% of your salary.

tanith

Do it today..

xylophone

http://www.nhsbsa.nhs.uk/Pensions/2658.aspx

Hi all, advice needed asap, im a Registered Nurse who has never joined the NHS pension thus far.

:eek:
I'm speechless!

The reasons are i needed money to love now

dunstonh

As a taxpayer I thank you for the possible hundreds of thousands of pounds you have donated to the country. However, from an individual point of view, it would probably rank as your worst financial decision ever. Get in there now.

atush

Andy_L wrote: »

If you don't join you are throwing away free money from your employer worth ~15% of your salary.

Probably more like 25%

atush

Oh dear, oh dear oh Dear!

Join Join Join Join now.

Like D, I have to agree you have saved us Thousands of pounds (and lost yourself thousands of pounds) by not joining up to now.

We can tell you how much (but you probably don't want to know) if you tell us how many years you haven't been joined up, and your approx salary.