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NHS Pension lump sum x 3 different figures

duckychick · 2020-10-25 14:23:59

I intend to take my pension this year on my 55th birthday. I have received my statement of benefits but for each section (1995 an 2015) there are 3 different lump sum figures. I have no idea why there are 3 different ones and which ones I can choose. Could anyone explain ? Many thanks

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saucer Posts: 500 Forumite

26 October 2020 at 7:33PM

Another thing to remember is that your 2015 pension will be significantly reduced if you take it before your state retirement age. Normally the 1995 is payable from 60, but I am assuming you have special status (e.g. mental health officer) as you are taking at 55.

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NHS Pension lump sum x 3 different figures

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