Paying into a new NHS pension scheme aged 57

Hi,
I took my lump sum NHS pension 2.5 years ago aged 55 and returned to work after taking a 48 hr break in contract & now work 3 days a week.
My manager informed me last week she should have enrolled me in the NEST pension scheme when I returned to work but forgot to tell me I had the option of doing this - she has now enrolled me into the scheme. She’s not keen to backdate it but is happy to come to an ‘agreement’ in which the company will reimburse me. 
In the meantime, I have heard that the NHS pension scheme is now allowing retired nurses who have returned to work to start paying back in the 2015 pension scheme. I have yet to hear from the NHS about it (apparently will be running from April 2023). 
So I suppose my question is- what do I do? I know I can’t have both but at the moment I don’t know what percentage the NHS one will be paying/taking out of my salary?
And if I do decide to go with the NHS one, can I ask my manager for the amount they should have put in up until now with NEST.
I only have until the end of March to opt out of NEST 🤔
«1

Replies

  • mark55manmark55man Forumite, Ambassador
    7.6K Posts
    Part of the Furniture 1,000 Posts I'm a Volunteer Ambassador Name Dropper
    Ambassador
    So I'm sorry your post hasn't had a lot of comment.  In general the advice would be go for the NHS pension as it is superior to NEST as you get guaranteed return.

    It's not quite clear how long you have been in limbo maybe you could clarify

    I think I saw you in an ice-cream parlour/Drinking milk shakes cold & long/Smiling & waving & looking so fine
    2022 Achievements: Mortgage Neutral, Net Debt Free, EF filled, Retirement Planned, More Unfit, Heavier
    2023 Targets (as of 1/1/23): Steps-23K/2500K - Weight - 0lbs/24 - Savings-#57-MFW £400/£10800 - #17-365x1p 1p/£667.95
    2023 Achievements (as of 1/1/23): 5km (treadmill)-51'39" - 2km C2 Erg -9'54 - R-Day 272 Days - PMA Save/Earn - £135

    I'm a Forum Ambassador and I support the Forum Team on the Over 50s, DFW and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
  • kaMelokaMelo Forumite
    1.8K Posts
    1,000 Posts Fourth Anniversary Name Dropper
    Forumite
    Going forward, joining the 2015 NHS pension scheme from April 2023 is a no brainer compared to NEST. 

    For the two and a half years previously assuming you met the critera, (over 22 years old, work in the UK, earn over £10,000) the default option should have been to enrol you. Your manager would have had to ask whether you wanted to opt OUT.
    It depends what remedy you want to happen, you could always make it official and complain, wanting to be put back into the position you would otherwise have been and taking it to the pensions ombudsman if necessary but that will not be a quick process.


  • cam269cam269 Forumite
    9 Posts
    Sixth Anniversary First Post
    Forumite
    Thank you both for your replies.
    I also think joining the 2015 scheme will be better than NEST but because I haven’t heard anything from the NHS I wonder if it will be up & running any time soon?

    I’ve ‘lost’ two & half years of not paying in into a pension scheme (NEST) that I didn’t even know I could have!!

    I don’t want to fall out with my manager, we have a good relationship & she has held her hands up to not enrolling me so I wonder if I should just ask her to pay for the last 2.5 years as my employer?

  • BimblyBimbly Forumite
    395 Posts
    Sixth Anniversary 100 Posts Name Dropper Combo Breaker
    Forumite
    cam269 said:
    I don’t want to fall out with my manager, we have a good relationship & she has held her hands up to not enrolling me so I wonder if I should just ask her to pay for the last 2.5 years as my employer?

    My understanding would be, it would have been illegal not to have auto-enrolled you in the scheme. Also, it should be payroll who were in charge of this, not your manager. It sounds very odd. You should get to the bottom of it. I'd contact the payroll dept and find out what occurred.

    Meanwhile, you should get your 2.5 years missed pension contributions paid, as you would have missed out on tax relief and employer contributions. If this means adding them into a NEST scheme, then so be it.

    Then you should join the NHS 2015 scheme (and stop NEST contributions). 
  • cam269cam269 Forumite
    9 Posts
    Sixth Anniversary First Post
    Forumite
    Thank you. 
    My manager is the practice manager of the GP surgery where I work and she also does my payroll so she’s in charge of the whole thing! But I think I will approach her as she has held her hands up & admitted it was her error. If she agrees to pay, can I just add it to my 2015 scheme when it gets up & running? I’d rather have everything in one place.
  • edited 8 March at 5:41AM
    JoeCrystalJoeCrystal Forumite
    2.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    edited 8 March at 5:41AM
    That is appalling, especially since she should be fully aware of her role as an employer. However, can GP nurses join the NHS pension schemes, or can you contribute?

    I think GPs would much rather avoid paying the extraordinary amount of an employer's contributions to the NHS pension scheme. Did your employer even say you will be able to join the NHS scheme or just purely NEST system? If the latter, what is the contribution the employer pays? Hopefully not the minimum auto-enrollment percentage?!

    It would help to remember that NEST and the NHS pension scheme are very different. The former is a DC pension scheme, and the latter is a DB pension scheme. 
  • SacredStephanSacredStephan Forumite
    20 Posts
    Third Anniversary 10 Posts
    Forumite
    It would be helpful if you could confirm that you took benefits from the 1995 NHS pension scheme.

    Once you have retired from this scheme you cannot currently rejoin any NHS pension scheme, although that may change later this year.

    Your manager has made a big mistake by failing to enroll you.
  • edited 8 March at 9:51AM
    cam269cam269 Forumite
    9 Posts
    Sixth Anniversary First Post
    Forumite
    edited 8 March at 9:51AM
    Thanks,
    I receive my pension from the 1995 scheme - is this what you mean by benefits? I don’t get any other benefits.

    My manager informed me about the 2015 scheme a week after telling me about NEST & said it would be a better scheme as the contributions from both of us is higher than NEST but as of yet it isn’t up & running, it’s still in debate by the Gov but looking online looks like it will be available from April.

    Not sure what DC & DB pension scheme is - I’ll have to look that up!

    So, going forward, do I keep NEST open until the 2015 scheme is available, then can shut it down?

    And I ask her to pay the 2.5 years owed to me  but can I put that sum into the 2015 scheme as a lump deposit & also pay my contributions which I should have done from the start!?

    The whole thing is disorganised - she enrolled me onto NEST, so I had to register & then tells me there’s something better (2015) & now have to cancel that!

  • StubodStubod Forumite
    1.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    .At present if you have been in the 1995 scheme and have started to take it you cannot rejoin the NHS pension scheme, but I assume you could join NEST?
    .."It's everybody's fault but mine...."
  • GrubbyGirl_2GrubbyGirl_2 Forumite
    296 Posts
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    Forumite
    cam269 said:
    Thanks,
    I receive my pension from the 1995 scheme - is this what you mean by benefits? I don’t get any other benefits.

    My manager informed me about the 2015 scheme a week after telling me about NEST & said it would be a better scheme as the contributions from both of us is higher than NEST but as of yet it isn’t up & running, it’s still in debate by the Gov but looking online looks like it will be available from April.

    Not sure what DC & DB pension scheme is - I’ll have to look that up!

    So, going forward, do I keep NEST open until the 2015 scheme is available, then can shut it down?

    And I ask her to pay the 2.5 years owed to me  but can I put that sum into the 2015 scheme as a lump deposit & also pay my contributions which I should have done from the start!?

    The whole thing is disorganised - she enrolled me onto NEST, so I had to register & then tells me there’s something better (2015) & now have to cancel that!

    Will you not have to pay your contributions too if you want her to do that?  Would you be prepared to do that?
Sign In or Register to comment.
Latest MSE News and Guides

British Gas prepay meter users...

...to pay less for gas from 1 April

MSE News

The 'odd Easter flavours' thread 2023

What bizarre food stuffs have you spied?

MSE Forum

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools