NHS Pension Transfer

Karma

Thanks all.

So to clarify, what little is in the fund "is" earning interest?

Edit: And a silly question; now she has left we can't pay anything in either?

JoeCrystal

There IS no fund earning interest. You must understand that there is no pot of money with her name on it. Instead, she get deferred benefit which she will be able to claim, that benefit will be revalued according to inflation and so on. It is on a pay-as-you-go basis. In other words, it is unfunded with all the contributions going directly to the NHS pensioners at the time with any shortfall covered by the Treasury.

PeacefulWaters

Karma wrote: »

So to clarify, what little is in the fund "is" earning interest?

While the phraseology is wrong, yes.

The accrued benefits are growing in line with inflation.

Edit: And a silly question; now she has left we can't pay anything in either?

No. But she can contribute to other pensions privately.

Karma

Thanks everyone