NHS Pension Scheme - is this correct.

garmeg

Editing seems to have gone awry here, and couldnt edit anything properly, so starting again via another browser ...

My wife has a minuscule deferred pension from the NHS and she left in 1995 or thereabouts. Pension was about £120 per annum when she left, before any revaluation. It was not a well paid nor professional position.

(1) It appears that members that deferred prior to 30/03/2000 have to wait til NRD (Female 60) to get a pension and that actuarially reduced early retirement is not an option. Am I correct?

(2) From 2015 a transfer to a SIPP is no longer an option even if the trnsfer value is less than £30k. My wife's TV would be less than £5k I think. Am I correct? About the transfer option I mean, not my wife's transfer value size!

The NHS Scheme seems very restrictive in this case.

Thanks

ZeroSum

Point 1 sounds about right. 
I'm in Lgps, and don't think you can't take a deferred pension before 60. I

xylophone

https://www.wsh.nhs.uk/CMS-Documents/Staff/General-Documents/NHSPensionSchemeBooklet.pdf
P23 onwards - will there be a GMP test problem?

garmeg

xylophone said:

https://www.wsh.nhs.uk/CMS-Documents/Staff/General-Documents/NHSPensionSchemeBooklet.pdf
P23 onwards - will there be a GMP test problem?

Page 24 also has the post 30/03/2000 date for availability of early retirement.

Silvertabby

ZeroSum said:

Point 1 sounds about right. 
I'm in Lgps, and don't think you can't take a deferred pension before 60. I

You can now, from 55, - but any R85 protections are still linked to the old rules age 60.

Marcon

garmeg said:

(2) From 2015 a transfer to a SIPP is no longer an option even if the trnsfer value is less than £30k. My wife's TV would be less than £5k I think. Am I correct? About the transfer option I mean, not my wife's transfer value size!

Not sure anyone has answered the transfer point. You are correct - a transfer to a SIPP isn't possible from an unfunded public sector scheme.