Take pensions and carry on working

Flugelhorn

spaniel101 said:

Apologies SummerSolstice, I appreciate your old pensions are not nhs 1995/2008 schemes, and that your are only i the 2015 scheme, so perhaps the beginning of my previous post doesn't apply to you personally.


The latter, 2015 scheme additional pension info does however.

that is v good point about being able to purchase other pension for the 2015

Dazed_and_C0nfused

SummerSolstice said:

Thanks for the replies that’s really helpful.  I think I got confused and thought because the NHS 2015 scheme is not final salary that it’s not a defined benefit scheme.  Could I then take my pensions at 60 but increase my contributions to my NHS pension to reduce the amount of tax I pay at 40%?

You can't change the basic 201& scheme contributions, they are fixed based on your NHS pay.

But you could potentially purchase additional pension in the NHS scheme or make separate personal contributions to a SIPP or personal pension.

These options work in completely different ways tax wise but the end result would be that they reduce any 40% tax payable.