Pension or BTL

justme111

To the best of my knowledge she would get her contributions refunded.
Yes it is still good scheme. Even without automatic lump sum , higher contributions and older retirement age. I have done rough estimate - even if OP wanted to collect pension at 60 with actuarial reduction it would be no less than standard assumed 5% return in private pension.
That without all the risk , hassle , possibility of private pension not giving those 5% return and fringe benefits like death in service (making life insurance unnecessary in many cases) , long term sickness pay , surviving spouse pay etc.

Andy_L

HappyMJ wrote: »

The 2015 scheme accrues at 1/54th's using Career Average Earnings instead of averaging the last few years of employment so is that still a good scheme?

Good, but, except for a few niche cases, not as good as it used to be.

HappyMJ wrote: »

The 2015 requires two years to qualify so if the OP leaves the scheme in the first two years as they said they assumed they would then what do they get?

Refund of their contributions.However the public sector is full of people who thought they'd only be there for a couple of years & have ended in their far longer than that.
Ultimately, if someone doesn't join they're throwing away free money to the tune of, currently, 14.3% of salary.

hyubh

HappyMJ wrote: »

The 2015 scheme accrues at 1/54th's using Career Average Earnings instead of averaging the last few years of employment so is that still a good scheme?

Erm, of course. It also has above-CPI revaluation for active members.

The 2015 requires two years to qualify so if the OP leaves the scheme in the first two years as they said they assumed they would then what do they get?

If more than three months, then a choice of refund of their contributions (less any applicable tax and - assuming the OP joined before April this year - NI) or a cash equivalent transfer value. Transferring out would be preferable because the CETV will represent employee and employer contributions (roughly speaking), not just the former.