We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

NHS pension calculations, annual and lifetime allowances

13»

Comments

  • Flugelhorn
    Flugelhorn Posts: 7,505 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 23 January 2022 at 7:48PM
    r2i said:
    Re your post on 8.1.22, I believe that lump sum is not considered for AA calculations (only for LTA). The 'virtual' pot increases with CPI+ 1.5%. Your 1995 or 2008 value would still grow up by cpi+1.5% , even if you contribute in 2015 scheme. So be aware of these values, when calculating LTA.
    1995 or 2008 scheme will increase in line with change in final pensionable earnings whilst still active, not CPI+1.5%. If it becomes deferred it would increase by CPI.

    not if a practitioner (I don't think) as this has always been a CARE type system
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.