NHS retirement at 55

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I am considering the retire and return option . Just trying to make some informed decisions.
I am at the very early stages of deciding what to do. At the moment it seems extremely confusing. I am in the 1995 and the 2015 pension schemes.
Ideally I would like to draw my 1995 pension early. Can anyone tell me if I pay tax on the lump sum (have read different thoughts)
many thanks
Ideally I would like to draw my 1995 pension early. Can anyone tell me if I pay tax on the lump sum (have read different thoughts)
many thanks
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lump sum payments are tax free both schemes
still at very early stages of planning.
I am in both schemes and understand that if I return to work I can continue paying into the 2015 scheme.
To be honest it does seem very confusing…. I am waiting for the NHS pensions department to reply.
No doubt I will have many questions…
https://www.nhsbsa.nhs.uk/member-hub/your-options-flexible-retirement
Retire and return
From April 2023, under the proposed changes all members will have the option to retire and re-join the pension scheme.
If you are not ready to stop work altogether, you can retire and take your full pension, then return to work after a break of at least 24 hours and re-join the 2015 NHS Pension Scheme to earn further benefits.
This is already available to members of the 2008 Section or 2015 Scheme. Once the changes take effect on 1 April 2023, it’ll also be an option for members who have retired with 1995 Section benefits.
Under the proposed changes, the DHSC is also intending to allow members with benefits in the 1995 and 2008 Sections, who are currently non-pensionable because they have exceeded maximum service limits and therefore had to stop contributing, to join the 2015 Scheme. The age limit for 2015 Scheme membership (75 years) will still apply.